The Daily Populous Sunday August 17th, 2025 morning edition
Authored by livemint.com and submitted by ll--o--ll

The bilateral trade between US and Russia has grown since the Trump administration came to power, Russian President Vladimir Putin said during a press conference in Alaska on Friday.

Making a rare foreign appearance after the talks with Trump, Putin said that US-Russia trade saw a ‘symbolic’ growth of 20 per cent since the Republican leader came to power.

“When the new administration came to power, the bilateral trade started to grow. It’s still very symbolic. Still, we have a growth of 20 per cent,” Putin said.

He indicated that Russia and US can still offer each other business and trade.

“We have a lot of dimensions for joint work. Russia and the US can offer each other so much in trade, digital, high tech, and space exploration,” Putin said.

The Russian President's remarks come at a time when the US is penalising India for buying Russian oil.

Also Read | Will Trump cut down India tariffs? What US President said

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US doubles India tariffs, but trade grows with Russia Earlier this month, Donald Trump penalised India for continuing to buy Russian oil despite sanctions over the country in the aftermath of the Ukraine war.

India's tariff now stands at 50 per cent and will come into effect from August 27.

Trump has not announced concessions on the US tariffs on India despite calling the meeting with Trump positive. However, Putin's statement indicates his own country has increased trade with Russia after Trump came to power.

India's reaction to Trump tariffs The Ministry of External Affairs had called the Trump tariffs unfair after they were doubled.

“The United States has in recent days targeted India’s oil imports from Russia. We have already made clear our position on these issues, including the fact that our imports are based on market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India,” the MEA said.

“It is therefore extremely unfortunate that the US should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest,” the MEA added.

Specialist_Brain841 on August 16th, 2025 at 15:18 UTC »

Why is Trump fundraising?

UnlikelyOpposite7478 on August 16th, 2025 at 15:15 UTC »

so trade with russia is up but india gets detention for buying gas? cool cool

ll--o--ll on August 16th, 2025 at 14:57 UTC »

SS: Russian President Vladimir Putin, during a press conference in Alaska, stated that US-Russia trade increased by 20% since Donald Trump took office. Putin described this growth as "symbolic" but highlighted potential for further collaboration in trade, digital technology, high tech, and space exploration. However, US penalised India for continuing to purchase Russian oil. India’s Ministry of External Affairs called targeting of India as unjustified and unreasonable, arguing that India’s oil imports are driven by market factors and energy security needs for its 1.4 billion people. The ministry pointed out that US previously encouraged such imports by India for strengthening global energy markets stability & itself continues to import from Russia uranium hexafluoride for its nuclear industry, palladium for its EV industry, fertilizers as well as chemicals.