The video was published on September 5 on the page of the Indian minister in YouTube.
“It was said very clearly and simply. Whether it is Russian oil or anything else, we make a decision to buy where it meets our needs, whether it is at a price, logistics or anything else,” she said.
According to Sitharaman, from where to buy oil, “especially so expensive, related to foreign currency”, India will make a decision based on what is most profitable for it.
“Therefore, we will undoubtedly buy,” said the Minister of Finance of India.
India became the main buyer of Russian oil since 2023, a year after the full-scale invasion of the country of aggressor of the Russian Federation to Ukraine, WP indicated. India buys Russian oil, having a huge discount, added the media. According to data ReutersIndia daily imports by sea about 1.75 million barrels of crude oil from the Russian Federation.
Donald Trump President Donald Trump demanded to reduce Russian oil purchases. Because of this, he rejected the draft trading agreement with India, wrote the media.
Context
On July 30, Trump announced duties for India because of her connections with the Russian Federation. He stated that from August 1, India will pay a 25 percent fee for all goods, as well as a “fine” for the purchase of military equipment and energy from Russia. On August 4, Trump said that he would “significantly” increase duties for India, accusing this country of “it does not care how many people in Ukraine die from the actions of the Russian military machine.” On August 6, he announced additional 25 percent duties for India, they will enter into force on August 27. Thus, now the total rate reaches 50%.
The US Foreign Ministry called the US attacks “unjustified” and promised to take measures to protect their interests. In India, they say that they are allegedly forced to buy Russian oil because of the situation in the world market, since after the start of a full-scale war to Ukraine traditional deliveries were redirected to Europe.
Indian Prime Minister Narendra Modi on August 7 said “is ready to pay a high price.” He talked about the protection of farmers and fishermen, but, obviously, we are talking about tariffs. NDTV He explained that India exports in the USA a wide range of agricultural products, and this is one of the sectors that will most suffer from US tariffs. CNN calls the agricultural sector a vital part of the India economy. The Indian Prime Minister also called the illegitimate President of the Russian Federation Vladimir Putin to a friend.
During his speech at the Shanghai Cooperation Organization, Modi called for the speedy end of the Russian Federation against Ukraine, which he calls the “conflict.”
