Russia, Trump and Tariff
Digest more
India's Oil Minister Hardeep Singh Puri asserts the nation's readiness to handle potential disruptions in Russian oil imports, even with possible sanctions from the US and NATO. Alternative suppliers like Guyana,
NATO chief Rutte had warned India, China and Brazil of 100 per cent secondary tariffs if they continued buying crude oil from Moscow.
"Other trading partners observing these threats will have the same mistrust of the negotiation process," experts argue.
India said asserted that its energy procurement from Russia is based on national interests and market dynamics.
"Unlike past direct sanctions, secondary tariffs extend US reach globally, targeting Russia's trade partners. If enforced, they could affect at least 30-40 percent of Russia's oil sales, destabilizing its economy and rippling through global energy supplies," he warned.
NATO Secretary-General Mark Rutte visits Washington for talks with President Trump on various geopolitical issues, including tariffs and military aid to Ukraine. Trump's tariff threats against the EU and Mexico,