India has reacted to the accusations of the US and Europe that it is supporting the Ukraine war by importing petroleum products from Russia as irrational.
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After the United States objected to India's purchase of oil from Russia, the dispute between the two countries is intensifying. After US President Donald Trump started a customs war, India, which tried to settle the matter in the softest possible manner and through dialogue and did not react strongly, on Tuesday responded in almost the same language that Trump was speaking.
The US and Europe's accusations that India is supporting the Ukraine war by importing petroleum products from Russia are irrational.
In recent weeks, Trump has announced an aggressive response and additional tariffs on India's trade ties with Russia. In the US's 'tariff diplomacy', which usually depends on Trump's truth social, Trump has already responded to India on Tuesday.
He said, 'India is not a good business partner, that's why we don't do much business with it. We have already announced that we will impose a 25 percent tariff on him, but I think within the next 24 hours we will impose a much higher tariff.'
Russia accuses the US of trying to impose a 'new kind of imperialism' on the US, calling the threat illegal. China, which has been against India in some cases, has clearly spoken on India's line in this matter. Saying that everything cannot be solved by force and pressure, the Ministry of Foreign Affairs of China stated that it is a matter of its national interest to ensure energy resources in its own way and that it will reject the threat of 100 percent customs duties put forward by the United States.
Since the beginning of the Russia-Ukraine war, the United States has been regularly putting pressure on the countries that have been buying petroleum and other goods with Russia and Iran to stop doing so. That order has increased even more after Trump took power. Trump tried to increase pressure on Putin after the Russia-Ukraine war did not go as he said. Last Friday, he posted a message saying that he did not care what India does with Russia, saying, 'Let the two countries go wherever they go with their economies'.
In response, India's Industry Minister Piyush Goyal responded that his country is one of the fastest growing economies in the world and is on track to become the third largest economy in a few years. After Trump put forward the argument that India can buy oil from Pakistan in a few years, Indian Foreign Ministry spokesperson Randhir Jaiswal replied that the matter of where his country buys from is determined by looking at its situation and economic situation and India's diplomacy should not be viewed through the eyes of relations with any third country.
Indian Prime Minister Narendra Modi and Foreign Minister S. Jaishankar have been criticized by the Indian opposition for responding to Trump's continuous pressure and aggressive diplomacy in twisted language and not giving a proper response. Meanwhile, Trump added another truth social post.
He accused India of buying a huge amount of Russian oil only for itself and selling it at a profit and also accused it of helping the Russian war machine. He also announced that in the future, India will increase the additional fees charged when using the American market, saying that it does not care how much people's money will be lost due to such a step taken by India. After Trump's attacks one after another, India has finally officially opened its mouth and on the contrary has taught the US and the European Union a lesson that it is itself doing business with Russia on a large scale.
In a statement sent by the Ministry of Foreign Affairs of India, stating that the latest aggressive behavior by the US and other countries against it is unjust and without reason, it has clarified why India continues to import petroleum products from Russia in six points. In that statement, it is mentioned that when the traditional sources of fuel began to be diverted to Europe due to the same conflict, they had to import fuel from Russia and that America incited to do so at that time.
Saying that its trade with Russia is purely to ensure the source of fuel for its consumers, India has claimed that the countries that criticize it in this regard are doing significant trade with Russia. The Indian side said that not only the US but also the European Union continues to trade with Russia several times more than India, and has indicated that it will take the next steps in accordance with its economic security and national interest.
After Trump's previous threats, there were rumors in social networks and media that India has reduced its fuel supply with Russia and is looking at Abu Dhabi as a fuel alternative to some countries in West Africa. India's latest statement suggests no change in its official policy for the time being.
Modi, who has openly campaigned for Trump in various events and calls Trump his inseparable friend, and the US have been cold ever since the rumor and announcement of tariffs. Since then, even though India and the US have been trying to conclude a trade agreement at various stages, Trump's habit of claiming the Nobel Prize for having arranged the India-Pakistan war has hurt the Indian side. Although India has publicly denied Trump's ceasefire, Trump has not given up his claim.
Even though India reacted strongly, analysts believe that Trump's announcement will be economically productive for India for the time being. According to the news published in the Indian Express, Trump's latest move will affect the export of goods such as clothes, medicine, vehicle parts, and electronic goods to the US, while Indian exports to the US may be affected by 30-35 percent. Similarly, the media also estimates that due to the increased pressure and the need to cut off other fuel sources, India may immediately incur an additional cost of 9-11 billion US dollars per year. Experts estimate that the commercial exchange between the two countries is about one and a half billion US dollars and the US is India's largest trading partner country.
35 percent of its total fuel imports are taken from Russia, and India purchases about one and a half billion US dollars every day. International news agency Al Jazeera has analyzed whether India, which has been importing from Russia at a special concessional rate for the past few years, will make other arrangements or respond to US pressure. (with agency assistance)
