By India Faces Unfair Targeting by U.S. and EU
India’s Ministry of External Affairs has spoken out against the United States and European Union. The two have criticized India for buying oil from Russia. This comes after former U.S. President Donald Trump threatened to raise tariffs on Indian goods. However, he did not say how much higher these tariffs would be.
Why India Imports Oil from Russia
India started importing oil from Russia after many traditional suppliers shifted their focus to Europe. This happened because of the Russia-Ukraine war that began in 2022. India needed to secure stable and affordable energy for its people. The country says these imports were necessary, not optional.
India Points Out EU and U.S. Trade with Russia
India highlighted that both the EU and U.S. also trade with Russia. This contradicts their criticism of India. The European Commission reported that EU-Russia trade reached €67.5 billion ($78.1 billion) in 2024. This is much higher than India’s trade with Russia. Similarly, U.S. trade with Russia was $5.2 billion in 2024.
India-Russia Trade Hits Record High
India and Russia’s trade grew to $68.7 billion by March 2025. This is almost six times the $10.1 billion before the pandemic. India says this shows the importance of their trade relationship.
Trump’s Tariff Threat and Accusations
Trump warned that tariffs on Indian goods could be “substantially raised.” He accused India of buying cheap Russian oil and selling it for profit. Last week, Trump had already threatened a 25% tariff plus unspecified penalties.
India’s Role in Stabilizing Energy Markets
India said its oil imports helped keep global energy prices steady. Energy Minister Hardeep Singh Puri said India prevented prices from rising to $130 per barrel. The U.S. had even encouraged India to buy Russian oil to support global energy stability.
U.S. Also Imports From Russia
India pointed out that the U.S. still imports important materials from Russia. These include uranium for nuclear energy, palladium for electric vehicles, fertilizers, and chemicals. Yet, the U.S. has not faced similar tariffs.
India Stands Firm on Protecting National Interests
India called the criticism “unjustified and unreasonable.” The country promised to take all steps needed to protect its economy and security.
Experts Share Views on Trade Relations
Experts say India’s concerns are valid. The last U.S. administration’s price cap system helped redirect trade. Former Finance Secretary Subash Garg said a U.S.-India trade deal is unlikely. He suggested India should accept the tariffs and focus on domestic markets or new export partners.
Conclusion
India’s reply shows the complexity of global trade during political tensions. Despite pressure from the U.S. and EU, India is committed to balancing energy needs with economic security.
