NEW DELHI: India, responding to US President’s Tariff threat, pointed out on Tuesday (5th of August, 2025) that India had been targeted by the US and the EU for importing oil from Russia after the commencement of the Ukraine conflict.
“In fact, India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict. The United States at that time actively encouraged such imports by India for strengthening global energy markets stability.
“India’s imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are necessity compelled by global market situation.
“However, it is revealing that the very nations criticising India are themselves indulging in trade with Russia. Unlike our case , such trade is not even a vital national compulsion.
“The European Union in 2024 had a bilateral trade of Euro 67.5 billion in goods with Russia. In addition, it had trade in services estimated at Euro 17.2 billion in 2023.
“This is significantly more than India’s total trade with Russia that year or subsequently. European imports of LNG in 2024, in fact, reached a record 16.5 million tonnes, surpassing the last record of 15.21 million tons in 2022.
“Europe-Russia trade includes not just energy, but also fertilisers, mining products, chemicals, Iron and steel and machinery and transport equipment.
“Where the United States is concerned, it continues to import from Russia uranium hexaflouride for its nuclear industry, palladium for its EV industry, fertilisers as well as chemicals.
“In this background, the targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national interests and economic security.
“Europe-Russia trade includes not just energy, but also fertilisers, mining products, chemicals, Iron and steel and machinery and transport equipment.”
Newspakistan.tv
