India’s slams US tariffs as ‘unfair, unreasonable, unjustified’; says, ‘Will continue to…
India’s Ambassador to Russia, Vinay Kumar, stressed that India will continue to buy oil from anywhere to “Best Agreement” and “Measures” to protect its national interests among the US tariffs.
Prime Minister Narendra Modi and US President Donald Trump (Image/Reuters)
India’s Ambassador to Russia, Vinay Kumar, stressed that India will continue to buy oil from anywhere to “Best Agreement” and “Measures” to protect its national interests among the US tariffs. In a speech made by TASS, gambling in a speech by TASS described the movement as “unfair, unreasonable and unfair”.
He emphasized that India’s energy policy has contributed to the stability of the global oil market to provide reliable materials for citizens and cooperation with Russia and other countries. “First of all, we have clearly stated that our goal is to security of 1.4 billion people of India, and India’s cooperation with Russia from some other countries has helped create stability in the oil market, the global oil market. The US decision is unfair, unreasonable and unfair.
“And trade takes place on a commercial basis. Therefore, if the foundation of commercial transaction trade imports is correct, Indian companies will continue to buy the best agreement from the best agreement. This is the current situation.”
During his interview with the State News Agency TASS, Kumar emphasized that India-Russia trade was directed by mutual interests and market factors and stated that other countries, including the US and European countries, continued to trade with Russia. “Our trade is based on market factors, and it was done with the object of providing energy security of 1.4 billion people of India. There are other countries, including trade with Russia in the US and Europe.”
India previously described the decision of the US to increase its duties to 50 percent as a penalty for the acquisition of Russian oil, and the Foreign Minister S Jaishankar shot in Washington as “unfair and unreasonable”.
On the financial front, Ambassador Kumar made sure that India and Russia did not face payment problems for oil imports. “India and Russia have a trade settlement system in national currencies. Now there is no problem for paying oil imports.” The ambassador, which was mentioned during the interview, is eager to expand its exports to Russia, especially in electronic, automobiles and construction materials, beyond energy.
As the bilateral trade is growing, he said that India’s exports to Russia remained under potential. “Some important areas that we think we need to focus and improve our exports, electronic products, construction materials, automobile spare parts and components, as well as the production of electronic and IT -related products, also show the production of the best products.
Kumar also emphasized the need to improve service trade, including financial and digital services. “India’s exports to Russia has grown. But it’s still below that it can be … Services, financial and digital services, including also another important part of what we need to do.
Also read | Eam S Jaishankar entered Donald Trump’s foreign policy, ‘There was never a president …’
The statement made by Kumar came at a time when the new Delhi was currently involved in global economic concerns due to the fact that US President Donald Trump acquired Russian oil on Russian oil. The Ministry of Foreign Affairs (MEA) called the imposition “unfair, unjust and unreasonable ve and announced that the new Delhi will take all the necessary actions to protect national interests”.
With Ani
