Try GOLD - Free
India hits back at US, EU duplicity over its Russian oil imports
Daily FT
|August 06, 2025
Government of India says targeting of India is unjustified and unreasonable Says India will take all necessary measures to safeguard its national interests and economic security Points to how both US and EU continue to maintain extensive trade relations with Russia Asserts that US and EU continue to import energy, metals, fertilisers, uranium and other chemicals and high-value industrial goods from Russia
-
THE Government of India has strongly rebutted criticism from the United States and the European Union over its continued imports of Russian oil, calling the stance unjustified and marked by double standards.
Earlier this week, US President Donald Trump threatened additional tariffs on India. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,” Trump posted on Truth Social. “Because of this, I will be substantially raising the Tariff paid by India to the USA.” The US has already slapped a 25% tariff on Indian exports to the US.
This story is from the August 06, 2025 edition of Daily FT.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Daily FT
Daily FT
Govt. missing the wood for trees
CABINET Spokesman Minister Dr. Nalinda Jayatissa announced this week that the Government plans to lease 24 bungalows and official residences formerly used by Government Ministers to private investors and international organisations.
2 mins
January 08, 2026
Daily FT
Sri Lankan-born Ray Jayawardhana appointed Caltech's 10th President
DR. Ray Jayawardhana, an accomplished academic leader and renowned astrophysicist who currently serves as provost of Johns Hopkins University, has been named Caltech's next President, the tenth in the Institute's 105-year history.
3 mins
January 08, 2026
Daily FT
Jetwing Saman Villas wins "Best International Hotel for Weddings" at Travel+Leisure India's Best Awards 2025
JETWING Saman Villas, part of Jetwing Luxury Reserves, has been awarded “Best International Hotel for Weddings” at the 14th edition of Travel+Leisure India and South Asia's Best Awards, held last month in New Delhi.
1 mins
January 08, 2026
Daily FT
27TH PRESIDENTIAL EXPORT AWARDS PRESENTED TO SRI LANKAN EXPORTERS IN RECOGNITION OF THEIR EXCEPTIONAL CONTRIBUTIONS TO THE EXPORT SECTOR
The Sri Lanka Export Development Board (EDB) successfully concluded the 27th Presidential Export Awards (PEA) Ceremony on Thursday, December 11, 2025, at the Bandaranaike Memorial International Conference Hall (BMICH), under the patronage of Hon.
2 mins
January 08, 2026
Daily FT
Message from the Chairman of the Sri Lanka Export Development Board
As we concluded 2025, it is with immense pride that we reflect on the historic achievements of Sri Lanka's export community celebrated at the 27th Presidential Export Awards Ceremony held on December 11, 2025, at the Bandaranaike Memorial International Conference Hall (BMICH).
1 mins
January 08, 2026
Daily FT
Govt. flags drop in Korean job placement
■Outlines diplomatic push for relief to over 10,000 candidates
3 mins
January 08, 2026
Daily FT
LB Finance recognised at ICSDB 2025 for excellence in sustainability and digital innovation
LB Finance PLC earned distinguished recognition at the 4th International Conference on Sustainable and Digital Business 2025 (ICSDB 2025), organised by the SLIIT Business School on 11 and 12 December 2025 at Waters Edge.
1 min
January 08, 2026
Daily FT
Stock market suffers worst humiliation in 130-year history
Trades and orders up to first 24 minutes cancelled after questionable maiden transactions of newly listed Wealth Trust Securities shares
4 mins
January 08, 2026
Daily FT
Weekly T-Bill auction averages rise for 3rd straight week; Rs. 100 b auction fully subscribed
Secondary Bond market yields drop further; market remains active
2 mins
January 08, 2026
Daily FT
British Sri Lankan Muslim Organisations donate £ 25,000 to rebuilding and disaster recovery efforts
BRITISH Sri Lankan Muslim organisations came together to express their solidarity and commitment to help their motherland and handed over a collective donation of £25,000 (Rs 10.5 Million) towards Sri Lankan Government’s National Rebuilding and Disaster Recovery Initiative, efforts following the severe impact of Cyclone DITWA, Flooding and Landslide.
2 mins
January 08, 2026
Listen
Translate
Change font size
