India is tied to Russian oil due to the threat of Trump’s penalty

India is navigating a difficult balance after US President Donald Trump threatens “penalties” on the continuous import of Russian oil – New Delhi will soon refrain from ending.

Trump told reporters to reporters on Friday that he heard that he stopped buying, the officials in New Delhi were remarkable. Spokesperson of Foreign Ministry Randhir Jaiswal said that the country decides its energy import resources based on the price of oil in the international market and at the time of the global situation depending on the global situation.

After Trump’s threat, “Indians will have a little confusion” – on the contrary from a more tolerant approach taken under the Biden administration, Bob McNalli, President of the Consulting Firm Rapiden Energy Group, told CNBC’s “Squock Box Asia”.

“Now we are moving and saying,” What are you all about Russian oil? “” McNanley said.

Dalp Singh, a former US sub-national security adviser to the International Economics in the Biden administration, after a month after Russia launched a full-dimensional attack on Ukraine in March 7 The report said They do not “Friends Set Red Line” and “There is no ban on Russia’s energy imports right now.”

Singh said, “What we do not like to see is the fast acceleration of India’s importance of Russia because it is related to energy or any other export that is currently being restricted by the United States or other aspects of international approval,” Singh said.

July on July 7, Trump announced that India will have to face 25% at 25% from August 1, including the unauthorized “penalties” to buy Russian oil and military equipment.

But analysts have suggested that India is not a scorching India, the third largest consumer in the world. According to the royators, the sensitivity of the two unknown Indian governments that the long -term agreement with the Russian suppliers has not been made immediately.

Russia is made Oil supplier in India Since the onset of the war in Ukraine, only 1,5,3 barrels or total imports per day before invading. The%certain share has increased to 1.8 million barrels or%=%. According to the International Energy Agency, 70% Russian crude India was exported in 224.

In an interview to CNBC on July 10, India’s energy minister Hardip Singh Puri defended the action of New Delhi and said it helped to stabilize global prices and encourage the United States.

“If people or countries had stopped buying at that stage, the price of oil would have gone up to $ 130. This was the situation in which our friends in the United States had to buy Russian oil, but compared to the price.”

Russian oil exports Were capped at $ 60 per barrel On December 3, a group of seven nations represented the world’s highest economies, while the European Union had reduced the cap cap. $ 47 for Barrel In July.

Yet, the pressure is increasing. Managing Director of Mizhuo Securities Vishnu Varathan said that the threats of the United States presented India “clear and current danger.” He said that there is a possibility of non-authority over the purchase of New Delhi oil as it evaluates the trade-chip of this “Russia option”.

India needs to go to the global market for comparative oil bargaining with Russian oil, Warhanton, head of the Macro Research, Asia for former Japan.

New Delhi options with Iran could find out – if the United States can be discounted – as well as some other manufacturers “some other manufacturers inside the US -pressed OPEC+.”

OPEC+ Block was Sunday agreed to increase the output In September, 7 547,3 barrels per day, due to concerns over the disruption of the potential supply connected to Russia.

Rapiden’s McNile said India would face a rigorous choice.

“Trump is serious. He is disappointed with Putin … India has a rigorous option, but if Donald Trump decides to have a whole relationship, it is difficult for them to import one million barrels (off) Russian crude.”