Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Elliott affiliate emerges as frontrunner in Citgo auction, filing says – Oil & Gas 360

August 27, 2025

EnerMech wins two-year cranes contract extension with Dubai Petroleum

August 27, 2025

Lower Oil Prices Dent CNOOC Earnings Despite Record Output

August 27, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » India Defends Trade with Russia Against Trump’s Criticism: MEA Responds, ETEnergyworld
Oil & Stock Correlation

India Defends Trade with Russia Against Trump’s Criticism: MEA Responds, ETEnergyworld

omc_adminBy omc_adminAugust 5, 2025No Comments5 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


<p>"Unlike our case, such trade is not even a vital national compulsion,” said MEA spokesperson</p>
“Unlike our case, such trade is not even a vital national compulsion,” said MEA spokesperson

In its first direct public pushback against US President Donald Trump’s repeated targeting of India over trade with Russia, the Centre termed his criticism “unjustified and unreasonable”. It said like any major economy, New Delhi will take all necessary measures to safeguard its national interests and economic security.

In an official statement, ministry of external affairs said the US itself continues to import uranium hexafluoride for its nuclear industry, palladium for its EV industry and fertilisers as well as chemicals from Russia.

The response, a rare outpouring of frustration with Trump’s rants, followed another outburst by the US president in which he accused India of buying massive amounts of Russian Oil and selling it in the open market for big profits, while threatening to substantially raise tariffs on imports from India.

MEA added that India’s imports are meant to ensure predictable and affordable energy costs to Indian consumers and are a necessity compelled by global market situation. “…It is revealing that the very nations criticising India are…indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion,” said spokesperson Randhir Jaiswal.

MEA: Nations slamming India themselves trading with Russia

“It is revealing that the very nations criticising India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion,” said MEA spokesperson Randhir Jaiswal.

The official also recalled that the US had in 2022 encouraged Indian imports from Russia as it helped stabilise the global energy market.

Trump’s blunt and open threat, which came on top of the 25 per cent tariffs and unquantified penalty he has already announced last week, did not specify if there would be more or higher tariffs than he has already rolled out. But what seems certain is that he is angered by India’s obduracy in not concluding a trade deal on his terms and its insistence on continuing to buy discounted Russian oil.

In a message he posted on his “Truth Social” platform, Trump also accused India of not caring “how many people in Ukraine are being killed by the Russian War Machine”. Trump surrogates have alleged that India and China are virtually bankrolling the war because they are among the world’s top two oil importers, and revenue from hydrocarbons is what is funding the Russian military.

The charge that New Delhi is re-selling Russian oil for profit appears to be a distortion, twisting India’s large refining capacity that makes Russian oil suitable for export, including to Europe.

Trump is also irked by India’s repudiation of his repeated claim that he used the bait of trade to stop the India-Pakistan war, a claim he has made nearly 30 times in several fora. Unable to end the Russia-Ukraine war on “Day One” of his presidency as he had pledged, Trump is talking up his claimed role in the India-Pakistan cessation of hostilities in a transparent bid for a Nobel Prize, including gratuitously canvassing for it with anyone who listens.

The extraordinary threat by the US president, who has weaponised tariffs for a range of objectives from gouging trade deals from poor and vulnerable nations to trying to bring about regime change (like in Brazil) to dismantling groups like Brics, which he sees as a threat to the US and the primacy of its currency, is unprecedented in history.

Combined with Trump’s sudden love for Pakistan, ostensibly for its glib backing for a Nobel Prize for him, it evokes among some commentators memories of Washington’s infamous 1970’s “tilt” during the Nixon administration, when the US tried to bully New Delhi during the Bangladesh Liberation War by sending the US Seventh Fleet to the Bay of Bengal with the nuclear-powered USS Enterprise.

While a much weaker India refused to be browbeaten by the Nixon-Kissinger threat at that time, New Delhi appears to be in as defiant a mood in the face of Trump’s belligerence, potentially risking what some experts have said could be a 2 per cent blow to its GDP growth (currently clocking around 6.5 per cent), but which some govt surrogates say could be as low as 0.2 per cent.

“India has been targeted by the US and the European Union for importing oil from Russia after the commencement of the Ukraine conflict. In fact, India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict. The United States at that time actively encouraged such imports by India for strengthening global energy markets stability,” said MEA spokesperson Randhir Jaiswal.

Such reactions by India were limited earlier to calls by the Europeans to shun trade with Russia. The ministry also said that the EU in 2024 had a bilateral trade of €67.5 billion in goods with Russia. In addition, it had trade in services estimated at €17.2 billion in 2023. This, added the official, is significantly more than India’s total trade with Russia that year or subsequently.

“European imports of LNG in 2024, in fact, reached a record 16.5m tonnes, surpassing the last record of 15.2m tonnes in 2022,” Jaiswal said, adding that Europe-Russia trade includes not just energy, but also fertilizers, mining products, chemicals, iron and steel and machinery and transport equipment.

Published On Aug 5, 2025 at 01:12 PM IST

Join the community of 2M+ industry professionals.

Subscribe to Newsletter to get latest insights & analysis in your inbox.

All about ETEnergyworld industry right on your smartphone!



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

US tariff hike on India an opportunity for better efficiency, bold reforms: Amitabh Kant, ETEnergyworld

August 27, 2025

India’s Russian oil gains wiped out by Trump’s tariffs, ETEnergyworld

August 27, 2025

SOCAR Turkey executive appointed new CEO of Nayara Energy, ETEnergyworld

August 27, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

EnerMech wins two-year cranes contract extension with Dubai Petroleum

By omc_adminAugust 27, 2025

EnerMech has secured a two-year contract extension with Dubai Petroleum to continue providing the Middle…

Petrobras to re-enter Nigeria five years after halting JV operations

August 27, 2025

OPEC May Unwind 1.65MM Bpd of Cuts at Next Meeting, Analyst Warns

August 27, 2025

Equinor Makes New Oil and Gas Discovery Near Troll Field

August 27, 2025
Top Trending

When science meets music: Florida’s oyster decline is being told through jazz | Florida

By omc_adminAugust 27, 2025

Deforestation has killed half a million people in past 20 years, study finds | Deforestation

By omc_adminAugust 27, 2025

Aalo Raises $100 Million to Build Combo Advanced Nuclear Plant and Data Center

By omc_adminAugust 27, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

Petrobras to re-enter Nigeria five years after halting JV operations

August 27, 2025

Trump’s 50% Tariffs on Indian Imports Hits Jobs, Bilateral Ties

August 27, 2025

Blackline Receives First Purchase Order from ADNOC

August 27, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.