Eng English
China 中国人

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
  • Trở lại Thể thao
  • Business
Monday, 18/8/2025 | 15:36 GMT+7

White house official calls india's purchase of russian oil 'opportunistic'

White house trade adviser Peter Navarro has criticized India's purchase of Russian oil as "opportunistic," undermining global efforts to isolate Russia.

In a Financial Times commentary on 17/8, Navarro argued that India's purchase of Russian oil must end. "If India wants to be treated like a strategic partner of the US, it needs to start acting like one," he wrote.

Previously, the Indian Ministry of External Affairs complained that the country was being treated unfairly for buying Russian oil, while both the US and the European Union (EU) also still purchase goods from Moscow. Earlier this month, US President Donald Trump used this reasoning to impose an additional 25% tariff on Indian goods, bringing the total import tax India faces when selling to the US to 50%.

Navarro wrote that "India's reliance on Russian crude oil is opportunistic, deeply damaging the world's effort to isolate Russia economically." He argued that India is acting as a clearinghouse for Russian oil, turning sanctioned goods into high-value exports, providing Moscow with needed US dollars.

White House trade adviser Peter Navarro. Photo: AFP

White House trade adviser Peter Navarro. Photo: AFP

India previously did not purchase much Russian oil, relying instead on supplies from the Middle East. However, this changed in 2022 after the Russia-Ukraine war began. Western import bans and price caps on Russian oil exports redirected the flow to Asia. India and China are now the largest buyers of this product. Data firm Kpler reports that Russian oil now accounts for 37% of India's total oil imports.

"American consumers buy goods from India. India then uses those dollars to buy cheap Russian crude," Navarro complained. He has long been known for his hawkish views and is a key figure behind Trump's import tariff policy.

Navarro also warned that transferring advanced US military capabilities to India is risky, as New Delhi is "moving closer to both Russia and China." Indian Prime Minister Narendra Modi is scheduled to meet Chinese President Xi Jinping later this month. Chinese Foreign Minister Wang Yi will also visit India from 18/8 to discuss the border dispute between the two countries.

Reuters, citing sources familiar with the matter, reported that a trip by US trade negotiators to New Delhi, scheduled for 25-29/8, has been canceled. This makes the prospect of a trade deal even more remote. Hopes that India will receive a tariff reduction before the 27/8 deadline are also fading.

Ha Thu (according to Reuters, FT)

By VnExpress: https://vnexpress.net/quan-chuc-nha-trang-noi-viec-an-do-mua-dau-nga-mang-tinh-co-hoi-4928356.html
Tags: US Russian oil India Donald Trump import tariffs Peter Navarro China

News in the same category

Vietnam's skyline icons

Vietnam's skyline icons

From Landmark 81 to Saigon Marina IFC, these skyscrapers symbolize Vietnam's economic growth and aspirations.

Vietnam could have its own Samsung and Gucci if businesses dare to think big

Vietnam could have its own Samsung and Gucci if businesses dare to think big

30-year-old entrepreneur Bui Duc Huy believes that with government support and businesses embracing transparency and ambitious thinking, Vietnam can cultivate its own "Samsung" and "Gucci".

Rooftop solar installations may receive up to 3 million VND in support

Rooftop solar installations may receive up to 3 million VND in support

The Ministry of Industry and Trade proposes financial support and interest rate subsidies for households installing rooftop solar panels with battery storage.

Long Son petrochemicals complex restarts operations

Long Son petrochemicals complex restarts operations

After more than 10 months of suspended commercial operations, the Long Son Petrochemicals (LSP) complex has restarted as crude oil prices decline, improving profit margins.

Hieuthuhai, Hurrykng, Phuong My Chi electrify Legend Fest

Hieuthuhai, Hurrykng, Phuong My Chi electrify Legend Fest

Hieuthuhai, Hurrykng, Phuong My Chi, and Quang Hung MasterD performed a series of hits before 10,000 fans at an event invested in by Regal Group and organized by i17 Live Entertainment on the evening of 16/8.

Aeon to open new shopping malls and supermarkets

Aeon to open new shopping malls and supermarkets

Aeon Vietnam will launch three new projects this year, including the Tan An Shopping Mall and two department stores and supermarkets in Hung Yen and Ho Chi Minh City.

Da Nang businesses encouraged to anonymously report misconduct

Da Nang businesses encouraged to anonymously report misconduct

Organizations and businesses can anonymously report unprofessional behavior by officials to combat misconduct.

Masterise Group expands into aviation after significant capital increase

Masterise Group expands into aviation after significant capital increase

Masterise Group has increased its capital nearly sixfold to over 35,227 billion VND and added several business lines in the aviation sector.

US to prioritize debt repayment over payouts with tariff revenue

US to prioritize debt repayment over payouts with tariff revenue

US Treasury Secretary Scott Bessent has stated that the current priority is to use tariff revenue for debt repayment, rather than distributing it to the public.

VPBankS named best workplace in Asia 2025

VPBankS named best workplace in Asia 2025

VPBank Securities (VPBankS) has been awarded "Best Workplace in Asia 2025" by HR Asia Magazine at the HR Asia Awards 2025.

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
FPT Tower, 10 Pham Van Bach Street, Dich Vong Ward,
Cau Giay District, Hanoi, Vietnam
Email: contacts@vnportal.net
Tel: 028 7300 9999 - Ext 8556
Advertise with us: 090 293 9644
Register
© Copyright 2025 vnnow.net. All rights reserved.
Terms of use Privacy policy Cookies