US President Donald Trump on Wednesday urged his Russian counterpart Vladimir Putin to make a “deal” to stop the “ridiculous” war in Ukraine.
Trump Threatens Sweeping Tariffs On Russia
US President Donald Trump on Wednesday urged his Russian counterpart Vladimir Putin to make a “deal” to stop the “ridiculous” war in Ukraine and threatened to impose “high levels” of tariffs on “anything being sold by Russia to the United States and other countries”. Posting on his Truth Social platform, the US president also emphasised his long-standing admiration for the Russian people and his past positive relationship with Putin.
Settle now and stop this ridiculous war! It’s only going to get worse. If we don’t make a “deal,” and soon, I have no other choice but to put high levels of taxes, tariffs, and sanctions on anything being sold by Russia to the United States, and various other participating countries. Trump and his campaign had alleged that continued US aid for Ukraine helps fund a “corrupt” pro-war nexus of defence companies and foreign policy hawks in the Biden administration.
Russia has weathered intense Western sanctions largely thanks to massive purchases of Russian oil by China and a supply of dual-use goods that the previous Biden administration said prop up the Russian defense industrial base, a charge China denies. North Korea is supplying soldiers and weapons for Russia in Ukraine and has rapidly advanced its nuclear missile program. And experts fear Iran, though weakened by Israel’s assault on its regional proxies, could restart its effort to build a nuclear weapon.
US sanctions on Russia to have minimal impact on India’s energy supply: IOC
“It is not a very difficult thing to handle because it has a very limited effect. Whatever sanctions are there, we are abiding by them,” Sahney said. He highlighted India’s extensive network of energy suppliers, including OPEC nations, OPEC+, and other non-OPEC sources like the Gulf, Guyana, Brazil, and even the United States.
Despite the geopolitical tensions, Sahney reassured that India’s crude oil supply would remain stable, noting the government’s willingness to increase exposure to US crude. On international crude prices, Sahney projected they would remain range-bound between USD 75 to USD 80 per barrel, with a bias toward USD 75.
“Although I have an interest in seeing them on the lower side, our detailed assessments suggest that prices will stay around USD 75,” he said. As of now, crude prices hover at approximately USD 75.5 per barrel.
India’s push for green hydrogen aligns with its broader National Green Hydrogen Mission, launched in January 2023, with an investment of Rs 19,744 crores. The initiative aims to achieve a production capacity of 5 million tonnes by 2030, reducing dependence on fossil fuels and addressing climate change challenges.
