Beijing and New Delhi previously rejected what they called US economic coercion.
US President Donald Trump accused India and China of “funding” the Ukraine conflict through Russian energy imports, in a speech at the UN General Assembly in New York.
Trump previously argued in favor of imposing secondary sanctions on nations maintaining economic ties with Russia to increase the financial pressure. Both Beijing and New Delhi have called the US approach unacceptable and refused to bow to pressure.
“China and India are the primary funders of the ongoing war by continuing to purchase Russian oil,” Trump claimed on Tuesday.
The US president also ridiculed NATO members that continue to import Russian oil and gas, saying they are virtually “funding the war against themselves” by buying energy from Russia while at the same time “fighting Russia.”
Earlier this month, Trump demanded that Brussels introduce tariffs of up to 100% on Indian and Chinese goods. The proposal was met with resistance by European Commission President Ursula von der Leyen, who said the bloc would “make its own decisions.”
In late August, Washington imposed a 25% punitive tariff on India, bringing total import tariffs to 50% on most goods, citing New Delhi’s failure to curtail purchases of Russian oil. The US has yet to impose any new tariffs on Beijing, after a tariff war earlier this year resulted in a temporary truce.
Both China and India rejected what they called US economic coercion. India will “undoubtedly be buying Russian oil,” Finance Minister Nirmala Sitharaman said in early September. The country’s imports of crude oil from Russia rose by 5.6% last month to 1.6 million barrels per day.
China denounced what it described as “illicit unilateral sanctions” by the US and insisted that it is “fully legitimate and lawful” to maintain normal economic, trade, and energy cooperation with all countries, including Russia.
During a recent visit to Beijing, Russian President Vladimir Putin cautioned the West against using a “colonial tone” toward China and India, arguing that efforts to punish them are aimed at slowing their economic rise.
Well NZ are buying products from China and have a 15% export tariff to the US, so I guess we are funding both sides.
WTF! China and India do trade with US and EU which fund the Ukraine war. So you can argue that China and India are funding the war against Russia. Lies & Propaganda are marketed in the West.
Who is going to make up the shortfall in oil availability if Russia is kept out of the market? Surely the consequence of doing that would be a huge spike in the price of oil.
NZ used to have leaders who can smell uranium. We now have leaders who cant even smell stinky american shyte. Sad.
Well China is a Russian close ally right? I wouldn’t expect anything less than full support.
The only thing holding up a workable solution to get those rare earth metals to the US is that annoying Zelensky. Perhapps China and India will benefit from those metals.
The land is historically Russian anyway.
A cover story and out for Trumps lack of appetite in bringing the conflict to an end
While fueling the conflict in keeping it alive by selling weapons to Ukraine through proxy NATO
Smoke and mirrors
Trump could end the war almost instantaneously
The whole Ukraine shooting box being totally dependent on US finance backing and arms