Washington: US Treasury Secretary Scott Bessent reiterated the possibility of a 500 percent tariff on countries importing oil from Russia, sending a positive message to India. He said that India had significantly reduced its oil trade with Russia without a 25 percent tariff was imposed. He moreover directly targeted China, stating that a visualization on the 500 percent tariff would be made soon.
What did US Treasury Secretary Scott Bessent say?
Speaking well-nigh the Russia sanctions bill, he said that the US would impose a 500 percent tariff on some countries. Bessent said in an interview that every effort would be made to pass the proposal put forward by Senator Graham. White House officials moreover warned Europe, citing its unfurled purchase of oil from Russia.
"Europe is moreover ownership oil from Russia. In a few years, it will be fighting a war versus itself and funding it," Bessent said.
He said that when the US imposed a 25 percent tariff on India, it stopped ownership oil from Russia. Targeting China, he said that the US was considering imposing a 500 percent tariff on it.
What is message of Russia for India?
Russian Foreign Minister Sergey Lavrov on Tuesday praised Moscow's bilateral relations with Delhi and Beijing and tabbed for the resumption of Russia-India-China (RIC) trilateral talks, saying that the global order should be multipolar. Lavrov reviewed the achievements of Russian affairs in 2025 at his yearly printing conference.
"I would moreover like to mention that our partnership with India is of paramount importance, expressly from a strategic point of view, under which President (Vladimir) Putin visited India last December," Lavrov said.
Putin visited India last month for a two-day trip for the 23rd India-Russia yearly summit. The Russian Foreign Minister moreover tabbed for the resumption of the Russia-India-China (RIC) trilateral dialogue, which has been suspended since the violent unpeace between Indian and Chinese troops in the Galwan Valley in 2020.
"We should resume the RIC trilateral dialogue, which is, in a way, the foundation of BRICS and is essential for a multipolar world," Lavrov said.
"The global order must be multipolar. It cannot be unipolar or bipolar. Several poles of economic minutiae once exist in the world," he added.
