By Admin 
Russian Oil: A new problem may arise in the coming days for India, which buys cheap crude oil from Russia. US Secretary of State Marco Rubio said in his recent statement that America wants to end these exemptions as soon as possible. The US has repeatedly commented on purchasing Russian oil since the Ukraine conflict began. Claiming that income from crude oil exports helps finance Moscow’s military campaign.
The Senate’s foreign relations meeting was held on Tuesday. During this time, these comments have again rekindled a long-standing issue of tension between New Delhi and Washington. The United States has repeatedly criticized purchases of Russian oil since the start of the Ukraine war, claiming that the income from crude oil exports helps finance Moscow’s military campaign. However, Trump also granted a temporary waiver when global energy markets faced pressure from the proposal due to the war imposed on Iran by the US and Israel. Let us tell you, the exemption was given for the first time in March and was later extended twice, it is going to end on June 17.
India is likely to take a strong stand
Now there is a possibility of India taking a strong stand in the matter. In such a situation, many experts have clarified that the import of Russian oil by India helped in preventing the energy crisis from becoming worse by ensuring the availability of Russian crude oil, even if it was sold at concessional rates. This issue is not limited to oil only.
New Delhi has consistently maintained that energy procurement is motivated by national interest, conservation and energy security. The government has repeatedly defended its right to buy oil from any trader who meets the country’s needs.
Trump will give a big blow to India, will impose tariffs again, China-Bangladesh also named in the list, Pakistan exempted?
What does this mean for India?
US President Trump has imposed duty of up to 25 percent on Indian goods. After which the pressure on purchase of Russian oil from India has increased. Trump had accused New Delhi of helping finance Russia’s war efforts in Ukraine. Washington has repeatedly presented its stand in the matter. Washington said revenues from Russian crude oil exports helped Moscow finance its military operations.
Trump has also claimed on several occasions that Prime Minister Narendra Modi had assured him that India would gradually stop purchasing Russian oil. Although New Delhi has not openly confirmed any such loyalty, the issue later came up during extensive trade talks between the two countries.
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According to the White House, following the US-India trade deal, Trump agreed to withdraw the additional 25 percent tariffs if India pledged to stop purchasing Russian oil. The document said the tariff reduction was linked to India’s pledge to stop forward or backward imports of Russian crude. At the same time, there is a larger geopolitical goal behind the concern about restrictions. Washington is pressuring India and other major importers to gradually reduce their reliance on Russian crude and seek supplies from other sources, particularly Venezuela.