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New Delhi criticizes EU and U.S. trade with Russia as Trump threatens more taxes.
Aug 05, 2025 11:53 am
By
infodivyadelhi

Divya Delhi : After U.S. President Donald Trump threatened New Delhi with higher taxes on Russian oil imports in a midnight social media post, India claimed it was being “targeted” by the U.S. and EU. during “traditional supplies” were shifted to Europe during the Russia-Ukraine conflict in 2022, India resumed purchasing oil from Russia, the foreign ministry stated late Monday. It is telling that the very nations condemning India are also participating in trade with Russia," the ministry said of the EU and U.S. For them, such commerce is not even a national need, unlike us.” The European Commission reported 67.5 billion euros ($78.1 billion) in bilateral commerce with Russia in 2024 and 17.2 billion euros in services trade in 2023. India claimed the bloc's trade was “significantly more” than its entire trade with Russia, citing those data. According to the Indian embassy in Moscow, bilateral commerce between New Delhi and Moscow hit a record $68.7 billion in the year ending March 2025, roughly 5.8 times the pre-pandemic $10.1 billion. In 2024, the EU was Russia's third-largest trading partner, accounting for 38.4% of its worldwide goods trade, down from first in 2020. From 257.5 billion euros in 2021 to 74% in 2024, EU goods trade with Russia fell. India's reaction follows Trump's Monday warning to “substantially raise” tariffs on India, but he did not specify the figure. Last week, the U.S. president threatened a 25% levy on Indian goods and an undisclosed “penalty”. India was also accused of buying cheap Russian oil and “selling it on the Open Market for big profits.” The U.S. Energy Information Administration reported earlier this year that Russia became India's top oil supplier after the Ukraine war, increasing imports from just under 100,000 barrels per day before the invasion, or 2.5% of its total imports, to more than 1.8 million in 2023, or 39%.