US Charges India of Funding Ukraine Battle Amidst Profession Bargains
Washington intensifies examination of India’s oil trade with Russia, declaring it finances the war in Ukraine, in spite of India’s growing trade collaborations with the EU and Canada. U.S. Treasury Secretary Scott Bessent stated that European countries are funding the war against themselves by acquiring refined Russian oil items from India.
- United States Tariffs: The US has imposed a 50 % tariff on India, consisting of 25 % especially on Russian oil imports.
- EU-India FTA: India and the EU settled a Free Trade Agreement to enhance economic connections.
- Canada Pivot: Canada looks for better ties with India, targeting $ 50 B in profession by 2030
