‘Big Blow’: Trump Targets Russia Over Oil Exports To India, Says ‘Their Economy Not Doing Well’

Last Updated:August 12, 2025, 07:27 IST

Trump targeted Russia over its oil exports to India and said that Moscow's economy "is not doing well". His remarks came days after he dubbed Indian and Russian economies "dead".

Trump-Putin meeting: Trump targets Russia ahead of Alaska meeting (Reuters File Image)

US President Donald Trump on Monday (local time) described his decision to slap 50% tariffs against India for buying Russian oil as a “big blow" for Moscow, while taking a shot at Russia’s economy again, days after dubbing it “dead".

Trump said that he was “all set to do things far bigger" than targeting Russian oil exports, and claimed that he “got a call" about holding a meeting with President Vladimir Putin.

Trump Criticises Russia Ahead Of Meeting With Putin

His remarks came while speaking with the reporters about his plans to meet Putin on August 15 in Alaska.

“I’m going to meet him…Their (Russia’s) economy is not doing well right now because it’s been very well disturbed by this. It doesn’t help when the President of the United States tells their largest or second-largest oil buyer that we are putting a 50 percent tariff on you if you buy oil from Russia. That was a big blow," he said.

“I haven’t stopped there. I mean, look, I was all set to do things far bigger than that. But I got a call that they’d like to meet and I’m going to see what they want to meet about," Trump added.

US-India Tensions

His comments came as tensions with India have been on the rise since his announcement of 25% tariffs on India, and then the subsequent 25% additional duties on Indian exports to the US for New Delhi’s decision to continue buying Russian oil, even though he did not impose any new tariffs on China — which is the largest buyer of oil from Moscow.

India gave a strong reply to Washington, labelling the tariffs “unjustified and unreasonable“, and called out US-EU duplicity over their ties with Russia. The Ministry of External Affairs highlighted that America continues to import uranium hexafluoride from Russia for its nuclear industry.

When Trump was confronted by a reporter on India’s response, he dodged the question, stating that he did not know anything about it.

“I don’t know anything about it. I have to check…But we will get back to you on this," Trump said.

He later announced that trade negotiations with India would be put on hold until the issue of New Delhi’s energy ties with Moscow is “resolved".

“No, not until we get it resolved," Trump answered to a reporter’s question about whether he expected increased trade negotiations between the US and India after 50% tariffs.

Washington D.C., United States of America (USA)

News world ‘Big Blow’: Trump Targets Russia Over Oil Exports To India, Says ‘Their Economy Not Doing Well’

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