Trump Advisor Peter Navaro says India should stop buying Russian oil

US president Donald TrumpOn Monday, the Piter Navaro Trade Advisor called on India to stop buying Russian raw oil, accusing the Asian giant of undermining international isolation efforts Vladimir PutinMilitary economy.

Write in Financial timesNavaro described India’s dependence on Russian oil as a “conjunctural”, adding that if India “wants it to be treated as a strategic partner, it must act as one.”

“In fact, India acts as global clearing for Russian oil, transforming the embargo into high cost, giving Moscow the dollars he needs,” Navaro said in the AP-ED.

His comments came shortly after the trade talks between the US and India, which, as it was planned, took place in New Delhi at the end of this month, were Reportedly turned off.

The Indian Ministry of Commerce and Industry, as well as the US trade representative, did not immediately respond to the CNBC request.

Earlier this month Trump administration – Note He planned to impose an additional 25% tariff for India for buying Russian oil, which led to a total of up to 50%. The total duty rate in India is one of the highest in any of Washington’s trading partners.

India described this step as “Extremely unhappy“At the time, saying that the tariffs were” unfair, unfounded and unfounded. “

White House since then prevent that secondary India’s levies may increase further, depending on effect Trump’s peace talks with Putin.

For its part, India said it was unfairly aimed at continuing its trade with Russia from Moscow a full -scale invasion Ukraine in early 2022, against the backdrop of criticism from the US and the European Union.

In A statement Published on August 4, the Indian Ministry of Foreign Affairs stated that the country began to import from the Russians as traditional supplies were distracted from Europe after the conflict began.

“Imports of India are designed to provide predictable and affordable energy costs for the Indian consumer. They are a necessity forced by the global market situation,” the Indian Ministry of Foreign Affairs said.

“However, it shows that the countries that criticize India themselves indulge trade with Russia. Unlike our business, such trade is not even vital national coercion,” it added.

Trump’s criticism of India’s oil trade with Russia is a clear shift from Baden’s administration, which, along with other G7 countries, Australia and the European Union, has created a 60 dollars per barrel price At the end of 2022. In the EU there is So and signal It reached an agreement to reduce the price threshold.

This mechanism sought to limit Russia’s profit from the sale of oil, while maintaining some stability in the global energy markets.

Shylan Shah, the deputy chief economist who develops in the Capital Economics markets, said India could, in principle, find suppliers, except for Russia to meet their energy needs “relatively easily” with limited economic impact.

“But we doubt that India will make a sincere effort to wean ourselves from Russian oil. – Note In a note published on August 4.

“In addition, Indian politicians will be reluctant to remember, as a rule, a heart (and long-standing) relationship with Russia,” he added.

– CNBC Vinay dwivedi He contributed to this report.