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India rejects Washington’s ‘Russian oil’ allegation
(MENAFN) Indian Foreign Minister S. Jaishankar has dismissed US accusations that India is “profiteering” from Russian crude, stating that no country is “forced” to buy oil from India. Speaking at an Economic Times event in New Delhi, he also rejected claims that India’s oil imports indirectly fuel the conflict in Ukraine.
“If you have an issue with buying oil or refined products from India, don’t buy them,” Jaishankar said. “Europe buys, America buys, so if you don’t like it, don’t buy it.”
US officials, including President Trump’s trade adviser Peter Navarro and Treasury Secretary Scott Bessent, have criticized India’s purchases of Russian oil, calling it a “profit-sharing scheme” benefiting Moscow. Jaishankar countered that India’s imports help stabilize both domestic and global oil prices.
Earlier this month, Trump imposed an additional 25% tariff on imports from India due to its continued purchases of Russian crude, adding to an existing 25% tariff after failed trade negotiations. Jaishankar emphasized that talks between India and the US are ongoing and that there is no permanent breakdown in trade relations, though some “red lines” remain, such as protecting Indian farmers’ interests.
“If you have an issue with buying oil or refined products from India, don’t buy them,” Jaishankar said. “Europe buys, America buys, so if you don’t like it, don’t buy it.”
US officials, including President Trump’s trade adviser Peter Navarro and Treasury Secretary Scott Bessent, have criticized India’s purchases of Russian oil, calling it a “profit-sharing scheme” benefiting Moscow. Jaishankar countered that India’s imports help stabilize both domestic and global oil prices.
Earlier this month, Trump imposed an additional 25% tariff on imports from India due to its continued purchases of Russian crude, adding to an existing 25% tariff after failed trade negotiations. Jaishankar emphasized that talks between India and the US are ongoing and that there is no permanent breakdown in trade relations, though some “red lines” remain, such as protecting Indian farmers’ interests.
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