Amid Donald Trump’s 50% tariff on India, Russia makes BIG offer to New Delhi, will give…
Relations between India and the United States have remained tense since the announcement of tariffs at the beginning of last month. This brings the new Delhi closer to Russia and China. Recently, Prime Minister Narendra Modi met with Russia’s Vladimir Putin and Chinese President Xi Jinping at the SCO summit in China.
Trump and his officials sharply criticized India for doing business with Russia.
Although the US administration, led by Donald Trump, continued to disrupt India to buy oil from Russia, Vladimir Putin’s country’s country has made an important offer to New Delhi. According to a new report of Bloomberg, Russia’s Ural class oil is presented to India at a lower price for loads to be loaded in September and October. The Trump administration has made a large 50 percent tariff in India to buy Russian oil in the mid-year war with Putin’s Ukraine and led to the souring of India-US vineyards.
How much oil discounts to India?
The Indian refiners have briefly paused the purchases of Russian oil in early August, but since then they continued to buy. Last week, Russian Ural oil was reduced to USD $ 2.5 per barrel than a 1 USD discount in July. In contrast, the US crude oil purchased by refineries was priced as a 3th USD premium. Ural is especially the flagship oil sent from the western ports of Russia.
What does the United States say in India’s purchase of Russian oil?
Trump and his officials accused the new Delhi of fueling the “Russian war machine” and criticized India again and again for doing business with Russia. White House Trade Advisor Peter Navarro recently said: “Before invading Putin Ukraine, India did not buy Russian oil to talk about very small amounts. What happened? Now, Russian refineries provide discounts, India is refining it and then selling a premium to Europe, Africa and Asia.” India called the United States unjustly and defended Russian oil intake and said there were no sanctions that prohibited it.
Does the US bring India closer to Russia and China?
Relations between India and the United States have been nervous since the announcement of comprehensive tariffs at the beginning of last month. This brings the new Delhi closer to Russia and China. Recently, Prime Minister Narendra Modi met with Putin and Chinese President Xi Jinping at the Shanghai Cooperation Organization (SCO) summit in Tianjin. At the summit, Indian and Chinese leaders promised to be a partner, not competitors. India-China Bonhomie comes after years of tensions in 2020 since the deadly border conflict.
