Trump advisor Peter Navarro says India must stop buying Russian oil

On Monday, US President Donald Trump’s trade adviser Peter Navarro called on India to stop buying Russian crude oil on Monday, and accused Asian giant Vladimir Putin of weakening international efforts to isolate the war economy.

Write in Financial timesNavarro described India’s dependence on Russian oil as a “opportunist”, he added, if India wants to be treated as a US strategic partner, it should begin to behave like one. “

“In fact, India serves as a global swap for Russian oil, and embargo transforms crude oil into high -valuable exports while giving Moscow to the dollar it needs.” He said.

Comments, this month’s new Delhi’de planned to be held in the new Delhi and the trade negotiations between the United States and India reportedly called.

The Indian Ministry of Trade and Industry and the US Trade Representative Office did not respond immediately to CNBC’s request for comments.

At the beginning of this month, the Trump administration said it plans to bring 25% more tariffs to India than Russian oil purchases and brought total taxes against the country to 50%. Cumulative task on India is among the highest of Washington’s trade partners.

Indian Movement “Extremely unfortunate“Then say that tariffs are” unfair, unjust and unreasonable “.

The White House since then induced Depending on the results of Trump’s peace talks with Putin, secondary taxes in India may increase further.

On behalf of India, Moscow said that he had unjustly targeted his trade with Russia since the full -scale occupation of Ukraine in the beginning of 2022 because of criticism from both the US and the European Union at the beginning of 2022.

One expression The Indian Ministry of Foreign Affairs, published on August 4, said that the country has started to import from the Russians because the traditional materials were directed from Europe after the conflict broke out.

“India’s imports are to provide predictable and affordable energy costs for the Indian consumers.” He said.

“However, it turns out that the nations criticizing India fall into trade with Russia. Unlike our case, this kind of trade is not even a vital national coercion.”

Trump’s criticism of India for oil trade with Russia represents an open change from the Biden administration, which set up a $ 60 price limit at the end of 2022 with the Australia and the European Union, along with other G7 countries. Since then, the EU has reached an agreement to reduce the price threshold.

This mechanism tried to limit Russia’s income from oil sales while maintaining some stability in global energy markets.

Shilan Shah, Vice President of the Capital Economy Economist, said India’s principle that it can find its suppliers outside Russia with a limited economic impact to “meet the energy needs” relatively easy “.

“But we doubt that India would make a heartfelt effort to close Russian oil. At home, it would not be well played to see caves for Trump’s demands,” in question In a note published on 4 August.

“In addition, Indian policy makers will often be reluctant to develop intimate (and long -standing) relations with Russia.”

– CNBCs Vinay Dwivedi He contributed to this report.