Washington
US President Donald Trump has flared up on Putin’s remarks about Ukraine’s President Volodimir Jailonski. Trump said on Sunday that he was very angry with Jailonski’s criticism. At the same time, Trump threatened that if the Russian President does not agree to the ceasefire, he would put tariffs on Moscow oil exports. In an interview on the phone with NBC News, Trump asked to impose 50% tariffs, which will affect the countries buying Russian oil. He spoke of blaming Russia for not stopping the war in Ukraine.
He said, “If Russia and I are unable to compromise to prevent bloodshed in Ukraine and if I think it was Russia’s fault, which is probably not- then I am going to put a secondary tariff on all oil coming from Russia.” Trump’s comment on Putin is different from his previous stance on the Russian leader.
Trump furious over the demand for the removal of Jailonski
Trump’s anger over Putin came when the Russian President demanded the removal of Jailonski in Ukraine and forming a new government. On the phone with NBC, Trump said, “It is not going to the right place.” Earlier, Trump had expressed disappointment about Jailonski and even called him a dictator. But now he is speaking directly against Russia. Trump said, I was very angry, angry, when Putin started questioning Jailonski’s credibility, because it was not going to the right place, do you understand? ‘
Russia’s economy threatened
The US President warned to shock Russia’s economy and said that tariffs on all Russia oil can be increased from 25 per cent to 50 per cent. This would mean that if you buy oil from Russia, you cannot do business in America. However, Trump also indicated a reconciliation between the two leaders and said, ‘Putin knows that I am angry, but the anger ends quickly, if he does the right thing.’
What are the analysts saying
Now in such a situation, the question arises that if Russia did not agree on the Ukraine’s Ceasefire Agreement and Trump imposed a tariff of 25 to 50 per cent on Russian oil exports, then which countries may have to suffer losses. In response, analysts and officials say that if Donald Trump imposes 25-50% tariffs against Russian oil buying countries, China and India may be affected the most.
In fact, in 2022, after a war between Ukraine and Russia, all the Western countries, including the US, imposed strict economic sanctions on Russia. Buying its oil was also banned, but apart from India and China, some other countries continued to buy oil from Russia. In such a situation, by applying secondary tariffs directly on the buyers by the US, not only can the oil revenue of Putin be reduced, but the countries that violate it may also face financial burden. Despite not being involved in international sanctions against Russia, China has been careful about violating it, as it has been afraid of secondary tariffs. For example, some Chinese banks have reduced transactions with Russian companies for fear of being banned from the international banking system.
India left China behind
Jiovani Stanovo, an analyst of UBS, a multinational investment bank and financial services providing financial services, told The Guardian, “As Trump has done in the case of Venezuela oil, you can do the same to target buyers in Russia’s case. This step can affect China and India. However, we have to see what we have to see in the coming days. Has become the largest buyer of crude oil.
In addition to India-China, which other countries are affected
In 2024, about 35% of India’s total crude oil imports were Russian crude oil. India has been buying Russian oil since the beginning of Ukraine War, but now American tariff is worried. Apart from India and China, Turkas are also a big buyer of Russian oil. Apart from this, Bulgaria, Indonesia, South Korea, Slovakia, Hungary have also been ahead in buying Russian oil. Pakistan has also made a deal to buy crude oil from Russia.
