Trump Slaps India With Sanctions? India’s Oil Deal with Russia | What’s Really Going On | #sanctions
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While commenting on US President Donald Trump’s secondary sanctions threat against India, Union Minister Hardeep Singh Puri said that India diversified its sources of buying oil and is not facing pressure over Trump’s new threat. The remarks from Puri came when Firstpost’s Managing Editor, Palki Sharma, asked him about Trump’s secondary sanctions threat and the kind of impact it can have on the Indian oil industry.
On Tuesday, Trump announced a whopping 100 per cent tariffs on Russian exports, including oil, expressing his displeasure with Russian President Vladimir Putin’s reluctance to negotiate a peace deal. Apart from this, Trump also introduced equivalent secondary tariffs on countries importing Russian shipments, with India being one of them.
Trump warned that the tariffs would be imposed after a 50-day deadline for Moscow to end the war against Ukraine. When asked about the secondary tariff warning, Puri said at the Thursday event that right now he does not have “any pressure” in his mind. He acknowledged that India’s import of Russian oil has increased significantly following the war in Ukraine.
However, he maintained that during this period, India has diversified its sources of supply. “Over the last 11 years, we diversified our options, built resiliency and navigated challenges. Each challenge posed by turbulence provided us with opportunities,” Puri told Firstpost. “We have gone from 27 countries that we used to buy from to about 4 countries.”
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