India trade with the European Union and the United States after Trump threatened stear rates

India and the European Union have “targeted” Russian oil imports when US President Donald Trump threatened New Delhi overnight in social media posts.

India started importing oil from Russia only after the outbreak of the Russia-Kurkren war in Europe after the outbreak of the Russia-Kuran war, the country’s Foreign Ministry said in a statement late on Monday.

The European Union and the United States said, “It is revealing that even the criticism of India is trade with Russia.

The European Union had a bilateral trade with Russia in 224. European Commission data?? Citing those figures, India said the block was “significantly higher” than the overall trade with Russia.

Data from the Indian Embassy in Moscow The bilateral trade between New Delhi and Moscow reached $ 7 billion for the year ended March 225, which is 8.8 times higher than a pre-saving trade of $ 1.8 billion.

Meanwhile, the European Union was the third largest trade partner in Russia in 224, which is one of the total trade trade from the Moscow’s highest partner. In 224, the trade of EU’s goods, including Russia, came to the euro in 224.

India’s response after Trump Threatened on Monday He is going to raise rates on India, though he did not specify high rate levels. The US President had threatened 25% of Indian exports and threatened the unrestricted “penalty” last week.

He also bought India’s discount Russian oil and alleged that “sold in the open market for a big profit”.

Made Russia Oil supplier in India Since the onset of the war in Ukraine, 1,5,3 barrels daily or its total imports before the attack. Increasing the importance of%certain, up to 1.8 million barrels or%=%every day in 223, according to the US Energy Information Administration report at the beginning of this year.

“India actively encouraged such imports to strengthen the stability of the global energy market at that time,” the country said in its statement.

According to the International Energy Agency, 70% Russian crude It was exported to India in 224. India said that the import of oil was to ensure the estimated and affordable energy costs of Indian consumers.

Earlier, India have defended its oil procurement from Russia, in an interview to CNBC last month, Hardip Singh Puri said New Delhi helped stabilize global energy prices and encouraged the United States.

“If people or countries had stopped buying at that stage, the price of oil would have gone up to $ 130.

India also targeted the United States and said that the country has continued to import palladium as well as fertilizers and chemicals for its nuclear industry.

In the US bilateral trade with Russia in 224. The United States has not imposed any “paric rates” on Russia.

“Against this backdrop, India is justified and unrealistic to target India. Like any major economy, India will take all necessary measures to protect its national interest and financial security,” New Delhi said.