Bloomberg reported that on September 5 local time, India's Finance Minister Nirmala Sitharaman stated that India will continue to purchase Russian oil. The report indicates that India is intentionally ignoring repeated requests from US President Trump to stop the procurement.

India's Finance Minister Nirmala Sitharaman (Nirmala Sitharaman) Network18

Sitharaman emphasized during an interview with Indian mainstream media Network18 on September 5: "Where we purchase oil, especially this commodity that involves a large amount of foreign exchange expenditure and is the highest in imported goods, must be decided by us what is most in the national interest. There is no doubt that we will continue to purchase."

At this time, India continues to increase its imports of Russian oil. The Indian side said that as long as it is economically feasible, it will continue to purchase. India has been the largest buyer of Russian seaborne crude oil, and the discounted oil prices provided by Russia have helped this third-largest oil-consuming country in the world reduce its import bills.

Certainly, this move has angered the Trump administration, and the United States has raised tariffs on India to 50%, becoming one of the highest levels globally.

On September 5 local time, US Commerce Secretary Howard Lutnick said during an interview with Bloomberg that the US side requires India to stop purchasing Russian oil. He said, "Either support the dollar or support the United States, or support your biggest customer, the American consumers, otherwise, India will face tariffs as high as 50%. See how long this situation can last." He also predicted that India would return to the negotiating table within one to two months, apologize to Trump, and seek to reach a trade agreement.

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