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

來源 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.

免責聲明:僅供參考。 過去的表現並不預示未來的結果。
placeholder
鮑爾講話在即!新台幣重跌30.3元創三個月新低,熱錢撤逃台股血流600點​今日(8月20日)台灣金融市場遭遇雙重打擊。新台幣兌美元匯率開盤即走貶,早盤迅速跌破30.2元關卡,最低觸及30.202元。午後跌幅持續擴大,收盤時重貶1.88角,以30.308元作收,創下五月下旬以來、近三個月的新低點。同時,台股盤中一度暴跌超過600點,台北外匯市場成交金額達15.95億美元。
作者  投資-槓把子
8 小時前
​今日(8月20日)台灣金融市場遭遇雙重打擊。新台幣兌美元匯率開盤即走貶,早盤迅速跌破30.2元關卡,最低觸及30.202元。午後跌幅持續擴大,收盤時重貶1.88角,以30.308元作收,創下五月下旬以來、近三個月的新低點。同時,台股盤中一度暴跌超過600點,台北外匯市場成交金額達15.95億美元。
placeholder
【今日市場前瞻】FED會議紀要來襲!比特幣、以太坊大跌后反彈聯準會會議紀要將出爐,黃金或迎波動;比特幣、以太坊大跌后反彈,12萬人爆倉;紐元匯率大跌超1%>>
作者  Alison Ho
8 小時前
聯準會會議紀要將出爐,黃金或迎波動;比特幣、以太坊大跌后反彈,12萬人爆倉;紐元匯率大跌超1%>>
placeholder
澳幣危機來襲? 無視美元疲軟、川普關稅與地緣政治夾擊,匯價瀕臨破底風險澳幣持續表現疲軟,目前正跌向200日指數移動平均線(EMA)
作者  財富進化論
9 小時前
澳幣持續表現疲軟,目前正跌向200日指數移動平均線(EMA)
placeholder
軟銀股價暴漲135%後急煞?分析師示警:短期過熱,台積電、鴻海也受波及投資慧眼Insights-軟銀(SoftBank)近期股價暴漲,短短四個月內飆升超過135%,直接沖入超買區間!
作者  投資指南針
9 小時前
投資慧眼Insights-軟銀(SoftBank)近期股價暴漲,短短四個月內飆升超過135%,直接沖入超買區間!
placeholder
澳幣匯率3連跌!風險情緒下降,何時反彈?澳央行降息預期上升、市場風險偏好下降、加上美元反彈,使得澳幣匯率承壓。
作者  Tony Chou
10 小時前
澳央行降息預期上升、市場風險偏好下降、加上美元反彈,使得澳幣匯率承壓。
goTop
quote