US President Donald Trump has once more slammed India for its persevered acquire of crude oil and fingers from Russia. In a Reality Social put up on Monday, Trump mentioned, “India buys maximum of its oil and armed forces merchandise from Russia, little or no from america.”The USA has imposed a 25% further tariff on India for its crude oil business with Russia, accusing India of not directly financing the warfare with Ukraine. However, the fascinating factor to notice is that each The us and the Eu Union proceed to do business price billions of bucks with Russia, albeit considerably lowered in comparison to pre-war ranges.Certainly, Russian President Vladimir Putin throughout his seek advice from to Alaska for a gathering with Trump famous that business with america has jumped 20%!In spite of a 90% aid in US-Russia business following Russia’s warfare with Ukraine, america persevered to import items price $3 billion from Russia ultimate 12 months, as showed via knowledge from america Bureau of Financial Research (BEA) and Census Bureau quoted in a CNN document.Additionally Learn | ‘Modi’s warfare’? How US, EU are ‘fuelling’, investment Russia-Ukraine struggleThe Eu Union, while supporting American sanctions towards Russia, imported items valued at $41.9 billion (36 billion euros) from Russia in 2024consistent with the bloc’s statistical company.
Fact take a look at for Trump: How a lot does america import from Russia?
Consistent with the CNN document quoting US Census Bureau statistics knowledge, america gained fertiliser imports valued at $927 million throughout January-June this 12 months. Russian fertiliser imports to america exceeded $1 billion ultimate 12 months. The USA considerably is dependent upon Russia for 3 chemical fertiliser sorts: urea, urea ammonium nitrate (UAN) and potassium chloride muriate of potash (potash).“Except america sanctions Russian fertilizer imports, because it does with Belarusian potash, this (stage of business) is more likely to proceed,” Allan Pickett, head of fertilizer research at S&P International Commodity Insights was once quoted as announcing via CNN. “Russia stays some of the vital world fertilizer providers and the affect of it has now not lowered since 2022.”“Urea and potash might be readily sourced from in other places, even supposing with potash it might additional build up US dependence on Canada, which lately has a captivating business dynamic,” Pickett added.
India-US: Trump unaware of financial hyperlinks past business
While palladium imports from Russia have diminished particularly since 2021, america imported $878 million price in 2024 and $594 million price via June 2025. This silvery steel is very important for digital and commercial merchandise, in particular in car catalytic converters.Uranium and plutonium imports from Russia to america reached $755 million within the first part of this 12 months, consistent with Census knowledge. The former 12 months’s imports of those nuclear fabrics from Russia totalled $624 million.
How a lot does the Eu Union import from Russia?
Russia’s place because the EU’s number one petroleum provider modified following its warfare with Ukraine. Maritime Russian oil and subtle merchandise imports confronted EU restrictions, inflicting a vital decline to $1.72 billion within the first quarter of 2025, in comparison to $16.4 billion in the similar duration of 2021, as according to Eurostat figures quoted within the CNN document.Consistent with the Centre for Analysis on Power and Blank Air’s research, in July 2025, Hungary, France, Slovakia, Belgium and Spain emerged because the foremost Eu importers of Russian fossil fuels. Hungary and Slovakia ruled crude oil imports, while others basically imported liquefied herbal gasoline.
Who purchased Russia’s fossil fuels after EU bans
Herbal gasoline imports from Russia confirmed an build up in worth over 4 years because of value rises, attaining $5.23 billion in 2025’s first quarter, consistent with Eurostat. The EU lowered Russia’s percentage in liquefied herbal gasoline imports from 22% to 19% between 2021 and 2025, while expanding American imports considerably.Russian iron and metal imports to the EU diminished significantly. First quarter 2025 figures confirmed imports price $850 million, roughly part the worth from the similar duration in 2021, as Eurostat studies.Fertiliser imports from Russia remained somewhat solid since 2021, unaffected via sanctions and import tasks. EU countries imported Russian fertiliser price $640 million in 2025’s first quarter.
Shadow fleet to EU
The EU diverse its nickel sourcing, expanding imports from america, Norway, the UK and Canada. Nonetheless, Russian nickel imports totalled $300 million within the first quarter of 2025. Nickel serves basically in chrome steel, alloy metal and battery manufacturing.Whilst the EU’s business with Russia has lowered, it is very important notice that it has now not stopped.Additionally Learn | ‘Social Reality’ vs knowledge: What Trump doesn’t get about India’s ‘useless’ financial system
The large oil query: How a lot crude do India and China get from Russia?
India’s business with Russia has noticed a dramatic surge, with imports attaining $67 billion in 2024, as according to United Countries knowledge. The bulk, roughly $53 billion, consisted of petroleum oils and crude oil. This marks a vital build up from 2021’s determine of $8.7 billion in general imports ahead of the struggle started.Consistent with Vortexa, an power knowledge company, Russian oil lately dominates India’s marketplace with a 36% percentage, organising Russia as India’s number one crude oil provider. This really extensive enlargement in oil and gasoline imports befell following the graduation of hostilities.In a similar way, China higher its Russian crude oil purchases after 2022, making the most of lowered costs as a consequence of Western countries curbing their Russian gasoline imports. Vortexa knowledge signifies that Russian oil accommodates 13.5% of China’s crude imports. UN-aggregated figures display China’s general Russian imports reached $130 billion in 2024, with petroleum oils and crude accounting for $62.6 billion.
China and India dominate Russia oil imports
Each India and China have maintained that the supply of crude oil procurement is an issue of strategic autonomy. In accordance with Trump’s further 25% price lists on India for its crude oil business with Russia, the ministry of exterior affairs has mentioned, “The USA has in contemporary days focused India’s oil imports from Russia. We have now already made transparent our place on those problems, together with the truth that our imports are in response to marketplace components and carried out with the full purpose of making sure the power safety of one.4 billion other folks of India. It’s due to this fact extraordinarily unlucky that america will have to make a choice to impose further price lists on India for movements that a number of different nations also are taking in their very own nationwide pastime. We reiterate that those movements are unfair, unjustified and unreasonable. India will take all movements essential to offer protection to its nationwide pursuits.”Additionally Learn | India’s holdings of US Treasury invoice down! Gold reveals favour in foreign exchange reserves; nonetheless amongst most sensible 20 T-bills buyers