Russia accused the United States on Tuesday of exerting illegal trade pressure on India after U.S. President Donald Trump threatened again to raise tariffs on India over its purchases of Russian oil.
"We hear many statements that are in fact threats, attempts to force countries to cut trade relations with Russia. We do not consider such statements to be legal," Kremlin spokesman Dmitry Peskov told reporters.
"We believe that sovereign countries should have and do have the right to choose their own trading partners, partners for trade and economic cooperation, and to choose for themselves the forms of trade and economic cooperation that are in the interests of a particular country."
Trump has said that from Friday he will impose new sanctions on Russia as well as on countries that buy its energy exports, unless Moscow takes steps to end its 3-1/2 year conflict with Ukraine.
Russian President Vladimir Putin has signalled no change in Russia's stance on the war, despite the looming deadline.
New Delhi has called Trump's threats "unjustified" and vowed to protect its economic interests, deepening a trade rift between the two major economies.
Two Indian government sources told Reuters on the weekend that India will keep purchasing oil from Russia despite Trump's threats.
Source: Investing.com
The Indian government estimates that the newly imposed 50% US tariff will affect exports worth USD 48.2 billion. Officials have warned that the additional duties could make shipments to the US commerc...
U.S. President Donald Trump said he was ready for a legal battle after moving to oust Federal Reserve Governor Lisa Cook over allegations she falsified mortgage documents. Meanwhile, the central bank ...
President Donald Trump said the US has more leverage over China on trade than the other way around, citing airplane parts as a key item Washington has to counter Beijing's restrictions on ra...
U.S. President Donald Trump said on Monday evening that Federal Reserve Governor Lisa Cook was to be removed from her post, effective immediately, alleging that she made false statements in two mortga...
Israeli strikes on Nasser hospital in Gaza on Monday killed at least 15 people, including four journalists, one of whom worked for Reuters, Palestinian health officials said. Cameraman Hussam al-Masr...
European markets opened higher Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia The Nasdaq-listed stock has become a bellwether for the global technology sector, particularly regarding the progress of the...
The Nikkei 225 Index rose 0.3% to close at 42,520 while the broader Topix Index slipped 0.07% to 3,070 on Wednesday, with Japanese shares showing mixed performances as investors awaited Nvidia's earnings report, expected to offer fresh insight into...
The dollar staged a shaky recovery on Wednesday, with gains capped by renewed investor worries about the Federal Reserve's independence following U.S. President Donald Trump's latest attempt to extend his power over the central bank. Trump had on...
Asia-Pacific rose Monday, tracking Wall Street gains after Federal Reserve Chair Jerome Powell signaled that the central bank could begin easing...
Asia-Pacific markets mostly fell Tuesday, tracking losses on Wall Street, as investors weighed U.S. President Donald Trump's comments on...
European markets were lower to start the new trading week Monday as investors assessed the economic outlook after hopes of a Federal Reserve...
Israeli strikes on Nasser hospital in Gaza on Monday killed at least 15 people, including four journalists, one of whom worked for Reuters,...