India calls out EU and U.S.’ trade with Russia after Trump threatens steeper tariffs

India, the US and the European Union by US President Donald Trump on the night of the Social Media Post, threatened the new Delhi with much more upright tariffs, said that “targeted” about Russian oil imports.

The country’s Foreign Ministry said in a statement late on Monday that India began to import oil from Russia after traditional materials were directed to Europe after the Eruption of the Russian-Ukraine war.

The Ministry, the EU and the United States, “India criticizing nations themselves fell into trade with Russia. [for them]. “

The EU’s bilateral trade with Russia was 67.5 billion euros (78.1 billion dollars) in 2024, and in 2023, service trade was 17.2 billion euros. European Commission Data. Referring to these data, India said Bloc’s trade was “significantly more” than India’s total trade with Russia.

Data from the Indian Embassy in Moscow He showed that the bilateral trade between the new Delhi and Moscow reached $ 68.7 billion for the year ending on March 2025 and was about 5.8 times higher than Pandemik trade.

Meanwhile, the EU was the third largest trade partner in Russia in 2024 and made up 38.4% of the country’s total global property trade, and in 2020 it was the best partner in Moscow. The trade of goods with Russia fell to 257.5 billion euros in 2021 in 2024.

India’s response comes after Trump Threatened on Monday Although it does not specify the level of high tariffs, it will “greatly increase tariffs in India”. The US President threatened a 25% mission in Indian exports as well as a “punishment” that was not specified last week.

He also accused India for buying a discounted Russian oil and “selling it in the open market for big profits”.

Russia became Oil supplier leading to India According to the US Energy Information Administration’s report earlier this year, since the war in Ukraine began, it increased to 1.8 million barrels per day or 39% per day in 2023 or 2.5% of its total imports.

“The United States actively encouraged this imports to strengthen the stability of global energy markets.” He said.

According to the International Energy Agency, 70% of the Russian HAM It was exported to India in 2024. India said oil imports are designed to provide predictable and affordable energy costs to Indian consumers.

India defended oil purchases from Russia in the past, the country’s Energy Minister Hardeep Singh Puri said in an interview with CNBC last month that the new Delhi helped balance global energy prices and encouraged to do so by the United States.

“If people or countries had stopped buying at this stage, the oil price would have increased up to $ 130. This was a situation we recommended to buy Russian oil, including our friends in the United States, but on the price limit.” He said.

India also targeted the United States and continues to import uranium hexafloride for the country’s nuclear industry, as well as fertilizers and chemicals for the electric vehicle industry.

Government data showed that in 2024, the US bilateral trade with Russia in 2024 was $ 5.2 billion in 2021 compared to approximately $ 36 billion. The US did not apply any “mutual tariff” to Russia.

“In this background, the target of India is unjust and unreasonable. Like any great economy, India will take all necessary measures to protect its national interests and economic security.” He said.

CNBC’s “Squawk Box Asia” speaking to a new American Security Center, Rachel Ziemba, said that India’s concerns are right.

“The last US administration was the price limit system that facilitates the re -guidance of trade.”

Ziemba also said that India’s difficult trade talks were caught in the “cross -fire” and Trump wanted to be difficult “Russia without doing anything to put on the economic side”.