India financing Russia's war, says Trump aide
A top aide to Donald Trump on Sunday accused India of effectively financing Russia's war in Ukraine by purchasing oil from Moscow, after the United States president escalated pressure on New Delhi to stop buying Russian oil.
"What he (Trump) said very clearly is that it is not acceptable for India to continue financing this war by purchasing the oil from Russia," said Stephen Miller, deputy chief of staff at the White House and one of Trump's most influential aides.
Miller's criticism was some of the strongest yet by the Trump administration about one of the US's major partners in the Indo-Pacific.
"People will be shocked to learn that India is basically tied with China in purchasing Russian oil.
That's an astonishing fact," Miller said on Fox News' 'Sunday Morning Futures'. The Indian embassy in Washington did not immediately respond to a request for comment.
Indian govt sources told Reuters on Saturday that New Delhi would keep purchasing oil from Moscow despite US threats. A 25% tariff on Indian products went into effect on Friday as a result of its purchase of military equipment and energy from Russia. Trump has also threatened 100% tariffs on US imports from countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine.
Miller tempered his criticism by noting Trump's relationship with Prime Minister Narendra Modi, describing it as "tremendous.
" reuters
'What he (Donald Trump) said very clearly is that it is not acceptable for India to continue financing this war by purchasing the oil from Russia,' said Stephen Miller, deputy chief of staff at the White House. The Indian embassy in Washington did not immediately respond to a request for comment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
28 minutes ago
- Hindustan Times
Russia's Rybachiy submarine base suffers damage after massive quake last week: Report
A massive 8.8 magnitude earthquake that struck Russia's Kamchatka Peninsula last week appears to have damaged part of a key nuclear submarine base, the New York Times reported, citing the before and after satellite images. Russia's Rybachiy nuclear submarine base lies near the epicentre of the 8.8 magnitude Kamchatka quake, raising concerns about its resilience.(File Photo/AP) The Rybachiy submarine base used by Russia's Pacific Fleet is located on the remote Far East coast of Russia, merely 80 miles (about 120 kilometres) away from the epicentre of the July 30 earthquake. The satellite imagery of the nuclear submarine base showed visible damage to one of its floating piers, The New York Times reported citing commercial satellite photos taken by Planet Labs. The imagery showed that one segment of the pier appears to have detached from its anchor point. From the satellite perspective, the structure looks disjointed, with visible misalignment compared to its earlier state. However, the rest of the facility, including five submarines and several other vessels, appeared undamaged and securely moored. According to the NYT, international nuclear monitoring agencies reported normal radiation levels in the vicinity. Hindustan Times could not independently verify the authenticity of the claim in the report. By the time this report was filed, Russian authorities had not officially confirmed the damage. Base located close to epicentre The Rybachiy base, built during the Soviet era, is a strategically important site for Russia's naval operations in the Pacific. It has been the subject of recent military upgrades, including the installation of two new floating piers since Russia's 2022 invasion of Ukraine. Earlier, The Metro reported that the base's proximity to the epicentre has alarmed military analysts and sparked questions about the facility's long-term resilience to extreme seismic events. Russia quake aftermath Despite the earthquake's powerful 8.8 magnitude, no fatalities or major injuries were reported in the Kamchatka Peninsula. The nearby city of Petropavlovsk-Kamchatskiy, which shares a bay with the Rybachiy submarine base, sustained only minor damage. Tsunami warnings were sounded across the Pacific, including in French Polynesia and Chile, but the waves remained offshore and did not reach the city centre. The surrounding Kamchatka region also saw volcanic activity and multiple aftershocks in the days following the quake with a magnitude 5.0 earthquake hitting approximately 108 kilometres southeast of Petropavlovsk-Kamchatskiy on Tuesday. The Rybachiy base is believed to host some of Russia's most powerful nuclear-powered submarines, including the Alexander Nevsky, Vladimir Monomakh, and K-44 Ryazan. Access to the base and the surrounding town of Rybachiy is tightly restricted due to its strategic importance.
Economic Times
28 minutes ago
- Economic Times
Aditya Infotech shares soar 51% on debut, biggest IPO listing gain of 2025
Shares of Aditya Infotech debuted on the Indian exchanges today with an impressive listing gain of 50.8% on the BSE and 50.4% on the NSE, compared to the issue price of Rs 675. ADVERTISEMENT With this performance, Aditya Infotech has become the most successful IPO of 2025 in terms of listing gains. In comparison, GNG Electronics shares were listed last month at a 49.8% premium over their issue price. On the BSE, the shares of Aditya Infotech got listed for Rs 1,018 and Rs 1,015 on the NSE. The stock rode a strong investor interest and was trading at a robust grey market premium (GMP) of Rs 300, a 45% markup over the issue price of Rs 675. The Rs 1,300 crore initial public offering (IPO), which comprised a fresh issue of Rs 500 crore and an offer for sale worth Rs 800 crore, received an overwhelming response, with total subscription reaching 106.23 times. The offering was led by qualified institutional buyers (QIBs), who subscribed 140.5 times, followed by non-institutional investors at 75.93 times, and retail investors at 53.81 times. ADVERTISEMENT Ahead of the public offering, the anchor portion secured Rs 582.3 crore from marquee institutional Infotech is India's largest provider of video surveillance solutions under its flagship brand CP Plus. The company has an extensive footprint across more than 550 cities and towns, backed by a channel network of over 1,000 distributors and 2,100 system integrators. Its portfolio includes smart home IoT cameras, AI-powered surveillance systems, and industrial-grade security equipment. ADVERTISEMENT For FY25, the company posted a net profit of Rs 351 crore on revenue of Rs 3,123 crore, reflecting a sharp 205% year-on-year growth in from the IPO will primarily be used to repay debt amounting to Rs 375 crore, with the balance earmarked for general corporate purposes. ADVERTISEMENT While the company witnessed a strong listing on both exchanges today, aided by buoyant sentiment and strong fundamentals, investors are advised to maintain caution that rich valuations and sector-specific exposure may temper gains in the medium term. Also read: NSDL IPO Allotment Date Live Updates: Issue allotment likely today; GMP at 15%; check other key details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
28 minutes ago
- Mint
HPCL, BPCL to IOC: Oil & gas stocks fall over 3% after Donald Trump's tariffs threat to India on Russian oil imports
Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation (IOC), and other oil and gas stocks declined more than 3% on Tuesday after US President Donald Trump threatened India with high tariffs on buying Russian oil. Trump said he would be 'substantially raising' the tariff on Indian exports to the US over New Delhi's purchases of Russian oil. He also accused India of profiting by reselling discounted Russian oil in global markets.
