Russia weighs into U.S.-India tariff spat
Russian President Vladimir Putin said goodbye to Indian Prime Minister Narendra Modi after Russia’s meetings in Russia in Moscow on July 9, 2024.
Gavriil Grigorov | Through Reuters
On Tuesday, Russia focused on the saliva between India and the United States, and the Kremlin says that the new Delhi is free to choose its trade partners.
Washington and India’s leadership, at the beginning of Logger on Russian oil imports, US President Donald Trump threatens the new Delhi with much more upright tariffs if he continues to buy commodities from Russia.
A partner of India, an important trade partner and remained silent when saliva exploded in the last few days, said Trump’s tariff threats on Tuesday that “attempts to force countries to stop trade relations with Russia”.
“We do not think that such expressions are legitimate,” Kremlin Press Secretary Dmitry Peskov speaking to journalists on Tuesday, “We do not think that such expressions are legitimate.”
He said: “We believe that the dominant countries should have the right to choose their own trade partners, their partners in trade and economic cooperation and to choose these trade and economic cooperation regimes within the interests of a particular country.”
The dispute between Trump and New Delhi is closely monitored by investors after Trump Threatened on Monday Although it does not specify the level of high tariffs, it will “greatly increase tariffs in India”. In addition to a “punishment” that was not specified last week, the President threatened a 25% mission in Indian exports.
He also accused India for buying a discounted Russian oil and “selling it in the open market for big profits”.
India later returned to the USA on Monday and returned to the European Union Hypocrisy Union.
He continued: “The nations criticizing India fell into trade with Russia. Contrary to our case, this kind of trade is not even a vital national coercion [for them]”The Ministry of Foreign Affairs said in a statement.
The Western countries used sanctions and import restrictions as a way to suppress their revenues produced by oil exports that financed Moscow’s war machine against Ukraine. However, some of Russia’s trade partners, especially India and China, continued to buy a discounted Russian crude oil, which is largely reassured by their economies.
The trade relationship of India and Russia has grown in 2022 since the occupation of Ukraine; In a statement earlier this year, the US Energy Information Administration became the leading oil supplier of India after the war began, and imports increased 2.5% of total imports – 2.5% of total imports – 2.5% of total imports – more than 2.5% of total imports.
– Lim Hui Jie from CNBC contributed to a report on this story.
