Trump's trade adviser fingers India's Russian oil purchases as key support for war in Ukraine

来源 Cryptopolitan

White House trade adviser Peter Navarro on Monday said India’s ongoing purchases of Russian crude oil are directly fueling Russia’s war in Ukraine, and he made it clear that it “has to stop.”

This warning comes just two days after President Donald Trump held a private meeting with Vladimir Putin in Alaska on Friday. Trump made no threats, imposed no penalties, and offered no consequences — not for Putin’s war, not for the oil trade. But India is getting 50% tariffs and public humiliation, despite Prime Minister Narendra Modi’s supposed “great relationship” with Trump.

Navarro, speaking through a piece in the Financial Times, claimed India is no longer neutral. “New Delhi is now cozying up to both Russia and China,” he wrote, adding, “If India wants to be treated as a strategic partner of the U.S., it needs to start acting like one.” Trump’s team has made its position public: if India won’t walk away from Russian barrels, it will pay a price elsewhere.

Trump hikes tariffs while India sticks with discounted Russian oil

Earlier this month, Donald Trump slapped another 25% tariff on Indian goods, bringing the total up to 50%. The move, he said, was a direct response to India’s continued oil relationship with Russia. And it hits as India’s Foreign Ministry is already complaining that they’re being unfairly picked on. They point out that both the United States and European Union are still buying other goods from Russia, yet only India gets targeted over oil.

“India acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs,” Navarro wrote. He also raised alarms about India’s growing ties with both Russia and China, saying that it would be dangerous to hand over advanced U.S. military technology to a government so closely aligned with those two states.

Despite all of this, India isn’t backing off. On Monday, Anuj Jain, head of finance at Indian Oil Corporation, told analysts that the company will continue purchasing Russian crude based on what’s economically favorable.

For the June quarter, Jain said 24% of their oil was from Russia, compared to 22% for the 2024/2025 average. He also confirmed that purchases are ongoing for the September quarter, with discounts currently hovering around $1.50 per barrel compared to the Dubai benchmark.

India and China get closer while Ukraine takes more hits

As pressure builds from Washington, India and China are quietly strengthening their relationship. Prime Minister Narendra Modi is scheduled to meet Chinese President Xi Jinping later this month. Meanwhile, Chinese Foreign Minister Wang Yi is expected in New Delhi this week for talks about their long-standing border dispute.

This quiet diplomacy is playing out while Trump’s administration is cutting off communications with India. A planned visit by U.S. trade negotiators, originally set for August 25–29, has been canceled. The trip was supposed to ease trade tensions and discuss a new agreement. That’s now off the table, killing hopes that New Delhi might see relief from Trump’s new tariffs starting August 27.

While all of this unfolds, Ukraine is once again under fire. On Monday, Ukrainian President Volodymyr Zelenskiy said Russia carried out coordinated attacks to sabotage his planned meeting with Trump in Washington later that same day. “This was a demonstrative and cynical Russian strike,” he wrote on X. Zelenskiy said these attacks were designed to apply pressure and disrupt diplomacy.

Officials reported that a Russian drone strike hit a residential complex in Kharkiv, killing at least seven people, including a 1-year-old girl. In Zaporizhzhia, three more civilians were killed. Zelenskiy said:

“The Russian war machine continues to destroy lives despite everything. Putin will commit demonstrative killings to maintain pressure on Ukraine and Europe, as well as to humiliate diplomatic efforts.”

Despite the bloodshed, Trump continues urging Ukraine to accept a peace agreement. One that many in Kyiv fear will heavily favor Moscow. Analysts estimate that more than 1 million people have either been killed or wounded in this war. Thousands of them have reportedly been civilians, most of them Ukrainians.

Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

免责声明:仅供参考。 过去的表现并不预示未来的结果。
placeholder
【今日市场前瞻】FED会议纪要来袭!比特币、以太坊大跌后反弹美联储会议纪要将出炉,黄金或迎波动;比特币、以太坊大跌后反弹,12万人爆仓;纽元汇率大跌超1%>>
作者  Alison Ho
8 小时前
美联储会议纪要将出炉,黄金或迎波动;比特币、以太坊大跌后反弹,12万人爆仓;纽元汇率大跌超1%>>
placeholder
澳元汇率3连跌!风险情绪下降,何时反弹?澳央行降息预期上升、市场风险偏好下降、加上美元反弹,使得澳元汇率承压。
作者  Tony Chou
10 小时前
澳央行降息预期上升、市场风险偏好下降、加上美元反弹,使得澳元汇率承压。
placeholder
港币汇率升破7.8创三个月新高!什么原因?未来走势如何?港币未来走势,需关注美联储货币政策和香港金管局的流动性管理措施。
作者  Alison Ho
10 小时前
港币未来走势,需关注美联储货币政策和香港金管局的流动性管理措施。
placeholder
纽元汇率大跌创4个月新低!新西兰联储鸽派降息25个基点,未来走势如何?新西兰联储比预期更快转向鸽派立场,市场押注未来还有2次降息。
作者  Alison Ho
11 小时前
新西兰联储比预期更快转向鸽派立场,市场押注未来还有2次降息。
placeholder
8.20精选策略分享:纳斯达克100指数、比特币、以太币、Meta技术分析联准会主席鲍威尔周五在杰克森霍尔(Jackson Hole)全球央行年会公布新政策框架,投资者情绪偏向谨慎。加之Meta据报考虑全面缩减人工智能(AI)部门的规模,美国科技巨头承压,比特币、以太币大幅下跌。美债市场当前最大风险是鲍威尔对9月降息的市场预期普遍泼冷水,若果他没有发出某程度的鸽派讯息,不排除美股、数字货币等风险资产或出现更大的调整。投资者日内可重点关注联准会公布货币政策会议纪要。
作者  Insights
14 小时前
联准会主席鲍威尔周五在杰克森霍尔(Jackson Hole)全球央行年会公布新政策框架,投资者情绪偏向谨慎。加之Meta据报考虑全面缩减人工智能(AI)部门的规模,美国科技巨头承压,比特币、以太币大幅下跌。美债市场当前最大风险是鲍威尔对9月降息的市场预期普遍泼冷水,若果他没有发出某程度的鸽派讯息,不排除美股、数字货币等风险资产或出现更大的调整。投资者日内可重点关注联准会公布货币政策会议纪要。
goTop
quote