The American representative, quoted by Reuters, confirmed that the talks are on the right road, but there are still requirements for access to the market, trade deficit and – what is crucial – the supply of oil from Russia. In the background remains the decision of President Donald Trump from August, who, under the pressure of the current energy crisis, ordered an additional duties in the amount of 25 percent. for importing products from India, raising a total rate to 50 percent. According to Reuters, this movement was to put pressure on the limitation of the purchases of Russian oil on preferential terms by the Indian government.
The US imposes pressure
Not only Delhi feels this pressure. According to Bloomberg, the Indian authorities, in response to American requirements, presented their arguments in prostact and specifically. By drawing a vision of serious turbulence on the fuel market, they indicated that at the same time limiting the import of Russian oil and resignation from shopping from Iran and Venezuela could cause a rapid increase in raw materials prices on the global market. According to Bloomberg, the Indian government was also to suggest that it is ready to agree to such restrictions only in the case of the possibility of purchasing oil from suppliers covered by sanctions by the US.
During his visit to New York, the Minister of India Trade, Piyush Goyal, expressed his readiness to cooperate in the field of energy supply. “Our goals regarding energy security will include a very large part related to the US involvement,” the Indian politician emphasized. Delhi counts on the intensification of the purchases of American gas and oil, which could balance the economic effects of giving up Russian raw materials.
