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Students from the Gurukul School of Arts carry a poster of Indian Prime Minister Narendra Modi and US President Donald Trump in India outside his school. US President Donald Trump has introduced a 25% tariff for India, together with fines for the purchase of oil and military equipment in Russia.
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India has said it was “aimed” by the US and the European Union over the import of Russian oil after US President Donald Trump threatened New Delhi in the social media.
India began to import oil from Russia only after traditional deliveries were diverted to Europe after the start of the war in Russia-Ukraine in 2022, the Ministry of Foreign Affairs said at the end of Monday.
The Ministry called on the EU and the US, saying, “shows that they criticize India themselves, indulge in trade with Russia. Unlike our case, such trade is not even vital national coercion (for them).”
EU bilateral trade with Russia amounted to 67.5 billion euros ($ 78.1 billion) in 2024, and its services in 2023 amounted to 17.2 billion euros, reports Data of the European Commission. Referring to this data, India said the block trade was “much more” than the total trade of India with Russia.
Data of the Indian Embassy in Moscow He showed that the bilateral trade between New Delhi and Moscow reached a record $ 68.7 billion a year, which ended on March 2025, which is almost 5.8 times higher than in pandemic trade of $ 10.1 billion.
Meanwhile, the EU was the third largest trading partner of Russia in 2024, which is 38.4% of the country’s total trade, standing out of Moscow’s main partner in 2020. EU trade with Russia decreased to 67.5 billion euros in 2024 from EUR 257.5 billion in 2021.
India’s response goes after Trump threatened on Monday that It will “significantly raise” tariffs for India, although it did not indicate the level of higher tariffs. Last week, the US president threatened 25% of Indian exports as well as an uncertain “fine”.
He also accused India of buying a reduced Russian oil and “selling it in the open market for big profits.”
Russia has become Leading oil supplier to India Ever since the war in Ukraine began, an increase in imports with just under 100,000 barrels a day before the invasion, or 2.5% of the total import volume, to more than 1.8 million barrels per day in 2023, or 39%, the US Energy Administration said earlier this year.
“The United States at the time actively encouraged such imports of India to strengthen the stability of global energy markets,” the country said.
According to the International Energy Agency, 70% of Russian raw materials was exported to India in 2024. India said oil imports are designed to provide predictable and affordable energy costs for the Indian consumer.
In the past, India has defended oil purchases in Russia, and Energy Minister Hardep Singh Puri said in an interview last month with CNBC that New Deli helped stabilize world energy prices and was proposed to do so.
“If people or countries stopped buying at this stage, the price of oil would increase to $ 130 a barrel. It was a situation in which we were advised, including our friends in the US to buy Russian oil, but at the cost,” Pur said.
India also aims at the United States, saying the country continues to import hexaphoride of uranium for its nuclear industry, palladium for electric industry, and fertilizers and chemicals.
Bilateral trade with Russia in 2024 amounted to $ 5.2 billion, compared to almost $ 36 billion in 2021, government data showed. The US did not impose any “mutual tariffs” on Russia.
“On this background, the orientation to India is unreasonable and unreasonable. Like any major economy, India will take all the necessary measures to protect its national interests and economic security,” New Deli said.
