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India’s Ambassador to Russia Vinay Kumar has said that India will continue to buy oil from Russia.
In an interview to Russia’s official news agency TASS on Sunday, he said that Indian companies will buy oil from where they will get the best deal. He described 50% of the US tariffs on India as baseless.
Vinay Kumar said,
Trump has imposed an additional 25% tariff on India due to purchasing Russian oil, which will be implemented from 27 August.
Earlier, Trump has imposed 25% tariffs on India in July, so that in the coming days, 50% tariff will have to be given in the US on import of Indian goods.
India is getting 5% discount on Russian oil purchase
Russian diplomat Roman Babushkin in India had said on August 20 that India is getting about 5% discount on Russia’s crude oil. ,
India is the largest buyer of Russian oil after China. Before the Ukraine War, India used to import only 0.2% (68 thousand barrels per day) from Russia. By May 2023 it increased to 45% (2 million barrels per day), while India is buying 17.8 lakh barrels of oil from Russia every day from January to July in 2025.
For the last two years, India has been buying more than $ 130 billion (Rs 11.33 lakh crore) every year.
Trump’s trade advisor accused India of profiteering
Earlier, Trump’s Trade Advisor Peter Navarro accused India of profiteering by purchasing oil from Russia.
Navaro, while talking to the media on Thursday, said that India is buying crude oil from Russia at a cheap price, Indian companies are refining it and selling it in the world at an expensive price. He said that Russia is getting money for Ukraine war, while India is earning profits.
He said that India sells us goods and buy Russian oil from the money from it, which makes oil companies earn a lot of money. Therefore it is necessary to put tariffs on India.
However, he also said that the path of peace of Russia-Ukraine war goes through India.
India has dismissed American allegations several times
India has rejected American allegations that promote several Ukraine war. Last week, External Affairs Minister Jaishankar visited Russia. During this time he had said that India is not the largest buyer of Russian oil, but is China.
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Read this news too …
Russia said- there is no alternative to our crude oil: giving India 5% discount; 50% of America’s tariff is wrong
Russia says that there is no alternative to its crude oil, as it is very cheap. Today, i.e. on August 20, Senior Russian Diplomat Roman Babushkin said this.
He said- India is getting a discount of about 5% on Russian crude oil. India understands that there is no option to change the oil supply, because it is making a lot of profit. Russia has also denied American pressure on India. Read the full news here …
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