Trump Challenges India Oil Trade: GTRI Debunks Claims
US President Trump's remarks about India's oil trade with Russia have been criticized by GTRI, labeling them misleading. The think tank argues India's oil purchases aid market stability and are transparent. Notably, China's larger imports of Russian oil remain unaddressed by Trump. India's refining practices are commercially driven, not politically.
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- India
US President Donald Trump has drawn fire from the Global Trade Research Initiative (GTRI) for his statements on India's purchase of Russian oil. Trump alleged that India is buying substantial quantities of Russian oil and selling it for profit, a claim GTRI categorically dismisses as inaccurate and misleading.
GTRI's Founder Ajay Srivastava contends the increased purchase of Russian oil by India was a calculated effort to stabilize global oil markets amid Western sanctions. The organization points out that India, a net importer of crude, exports refined petroleum products instead, with purchases made upon commercial, not geopolitical, considerations.
While Trump announced higher tariffs on Indian goods, GTRI stressed the importance of distinguishing India's energy trade from its geopolitical alliances. China, contrary to Trump's claims, leads in Russian oil imports. The debate highlights the intricacy of global trade dynamics and geopolitical strategies.
(With inputs from agencies.)
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