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India trashes Trumpโ€™s comment of Russian oil supply
New Age Desk 03 August, 2025, 00:32 New Age specials

Rebuffing the US president Donald Trumpโ€™s comment on stopping Russian oil supply, the Indian Ministry of External Affairs said they were unaware of any pause on the imports of oil from Russia, reports NDTV.

Speaking to reporters in Washington DC on Saturday, Trump said, โ€˜I understand that India is no longer going to be buying oil from Russia. Thatโ€™s what I heard, I donโ€™t know if thatโ€™s right or not. That is a good step. We will see what happens.โ€™

His remarks came days after Washington decided to impose a penalty on India for purchasing crude oil and military equipment from Russia, besides a 25 per cent additional import duty on goods imported from New Delhi. Earlier, Trump and US Secretary of State Marco Rubio criticised India for continuing to import discounted Russian oil despite Western sanctions over the Ukraine war.

Sources in the MEA, however, said the ministry is not aware of any possible halt in Russian imports. โ€˜Indiaโ€™s energy purchases are driven by national interests and market forces. We do not have any reports of Indian oil firms halting Russian imports,โ€™ a source said.

There was no official statement from the ministry at the time of filing this report but on Friday, MEA spokesperson Randhir Jaiswal made a similar statement.

โ€˜You are aware of our broad approach to energy sourcing requirements, that we look at what is available in the market and the prevailing global situation. We are not aware of any specifics,โ€™ he said during the weekly briefing on Friday.

A series of reports had suggested that Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and the US warned against purchasing oil from Moscow. India, the worldโ€™s third-largest oil importer, is the biggest buyer of seaborne Russian crude.

According to a Reuters report, the countryโ€™s state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so.

The refiners and the federal oil ministry did not immediately respond to Reutersโ€™ requests for comment.

The four refiners regularly buy Russian oil on a delivered basis and have turned to spot markets for replacement supply - mostly Middle Eastern grades such as Abu Dhabiโ€™s Murban crude and West African oil, sources said.

Private refiners Reliance Industries and Nayara Energy are the biggest Russian oil buyers in India, but state refiners control over 60 per cent of Indiaโ€™s overall 5.2 million barrels per day refining capacity.

On July 14, Trump threatened 100 per cent tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine.​
 

Trump: will 'substantially' raise tariffs on goods from India over Russian oil purchases

REUTERS
Published :
Aug 04, 2025 23:00
Updated :
Aug 04, 2025 23:00

1754351162037.png

US President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, DC, US, February 13, 2025. Photo : REUTERS/Kevin Lamarque/Files

US President Donald Trump said on Monday he will substantially raise tariffs on goods from India over its purchases of Russian oil. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They donโ€™t care how many people in Ukraine are being killed by the Russian War Machine," Trump said in a post on Truth Social.

"Because of this, I will be substantially raising the Tariff paid by India to the USA."

He did not elaborate on what the tariff would be.

Indiaโ€™s trade ministry did not immediately respond to a request for comment.

Trump last week said he would impose a 25 per cent tariff on goods imported from India and added that the world's fifth-largest economy would also face an unspecified penalty but gave no details.

Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite Trump's threats. The sources did not wish to be identified due to the sensitivity of the matter.​
 

Top Trump aide accuses India of financing Russia's war in Ukraine
Reuters Washington
Published: 04 Aug 2025, 13: 06

1754356677863.png

US White House Deputy Chief of Staff Stephen Miller speaks to reporters at the White House in Washington, DC, US on 18 April 2025. Reuters file photo

A top aide to President Donald Trump on Sunday accused India of effectively financing Russia's war in Ukraine by purchasing oil from Moscow, after the US leader escalated pressure on New Delhi to stop buying Russian oil.

"What he (Trump) said very clearly is that it is not acceptable for India to continue financing this war by purchasing the oil from Russia," said Stephen Miller, deputy chief of staff at the White House and one of Trump's most influential aides.

Miller's criticism was some of the strongest yet by the Trump administration about one of the United States' major partners in the Indo-Pacific.

"People will be shocked to learn that India is basically tied with China in purchasing Russian oil. That's an astonishing fact," Miller said on Fox News' "Sunday Morning Futures."

The Indian Embassy in Washington did not immediately respond to a request for comment. Indian government sources told Reuters on Saturday that New Delhi will keep purchasing oil from Moscow despite U.S. threats.

A 25 per cent tariff on Indian products went into effect on Friday as a result of its purchase of military equipment and energy from Russia. Trump has also threatened 100 per cent tariffs on US imports from countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine.

Miller tempered his criticism by noting Trump's relationship with Indian Prime Minister Narendra Modi, which he described as "tremendous."​
 

Trump: will 'substantially' raise tariffs on goods from India over Russian oil purchases

REUTERS
Published :
Aug 04, 2025 23:00
Updated :
Aug 04, 2025 23:00

View attachment 21077
US President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, DC, US, February 13, 2025. Photo : REUTERS/Kevin Lamarque/Files

US President Donald Trump said on Monday he will substantially raise tariffs on goods from India over its purchases of Russian oil. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They donโ€™t care how many people in Ukraine are being killed by the Russian War Machine," Trump said in a post on Truth Social.

"Because of this, I will be substantially raising the Tariff paid by India to the USA."

He did not elaborate on what the tariff would be.

Indiaโ€™s trade ministry did not immediately respond to a request for comment.

Trump last week said he would impose a 25 per cent tariff on goods imported from India and added that the world's fifth-largest economy would also face an unspecified penalty but gave no details.

Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite Trump's threats. The sources did not wish to be identified due to the sensitivity of the matter.​

That is really great. Trump Should impose more tariff. That will only help India to Indigenized. Every sanction of US has resulted in more self reliance. Even though they may impose any damn tariff, Software export and Pharma export are unlikely to hit due to sanction.
 

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