Oil penalty to India aggressive leveraging to Russia: US Vice-President Vance.
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| Oil penalty to India aggressive leveraging to Russia: US Vice-President Vance |
The US Vice President JD Vance has indicated that such a move by the Trump administration of imposing a 25% percent tariff penalty on India due to its purchase of Russian oil is a move of aggressive economic pressure to compel Russia to end its aggression against Ukraine. This has not gone well with India which contends that its energy sourcing activities are guided by national interest and market forces.
Key Points:
Tariff Penalty
Trump administration has placed a total tariff of 50 percent of Indian goods of which 25 percent of tariff penalty was specifically made on Indian products that concern the procurement of Russian crude oil by India.
Indian reaction
The response of India, which was the largest importer of Russian crude oil, was leveled by the external affairs minister, S Jaishankar, and he called the tariff unjustified and unfair and quipped why not identical arguments be used to target the biggest buyer of the Russian crude oil, China.
The US Goal
Vance claims that the goal is to make it more difficult so that Russia cannot profit in the oil economy consequently forcing them to cease the war in Ukraine.
Potential Impact
This might worsen the relations between India and the US officials, especially after Trump had doubled Tariffs on Indian products.
India-Russia Relations
Due to the pressure exerted by the US on India, both countries have decided to deepen bilateral trade relations and Russian President, Vladimir Putin is scheduled to visit India later this year.
Reactions:
JD Vance
He was confident that the US could broker the end of the Russian-Ukrainian war, because both parties had made considerable concessions in the last few weeks.
S Jaishankar
Asked why the US is criticising it, since Europe and America also purchase oil in India, and it was not explicit why India was being singled out when it comes to purchasing oil in Russia.
More About JD Vance
JD Vance is a 50 th vice president of the United States serving under president Donald Trump. The following are some main facts about him
Early life and Education: Vance was born on August 2 1984, in Middletown, Ohio. He attended Ohio State University and graduated with a bachelor's degree in 2009 and, Yale Law School; he earned a degree with law in 2013.
Military Service
Vance was a member of the US Marine Corps between 2003 and 2007, to which he was deployed to Iraq as a military journalist where he spent six months. He is ranked as a corporal and has received Navy and Marine Corps achievement Medal and Marine corps good conduct Medal.
Career Vance was a corporate lawyer and a venture capitalist prior to becoming Vice President. His 2016 memoir and bestseller, Hillbilly Elegy, was adapted into a movie.
Political Career
Vance was elected to serve as a US senator in 2022 in Ohio after retiring Democratic outfit Tim Ryan. He is a US Senator (Ohio) between January 2023 and January 2025.
Vice Presidency
Donald Trump selected Vance to be his running mate in the year 2024 presidential election. The Trump-Vance ticket emerged the winner of the election and Vance took oath as the Vice President on January 20, 2025.
Policy Positions
Vance have been described as a conservative, with such beliefs as being against abortion, same-sex marriage and gun control. He has also voiced his support of a negotiated peace in Ukraine, and firmer immigration policies.
Vance has made some notable actions and statements, among which the following ones may be mentioned concerning the issue of racial discrimination:
Vance has proposed a possible peace settlement between Ukraine and Russia by these major concessions involved by Russia in the conflicts.
Economic Leverage:
Vance has spoken on using economic leverage to bring peace to Ukraine like tariffs. To illustrate, Trump introduced a 25% tariff on the Indian goods due to Indian procurement on Russian oil.
Child Tax Credit
Vance has suggested support of a boost in child tax credit, presently at $2,000 per child to $5 000 per child.
Abortion
Vance is graphically opposed to abortion and has said that the laws over abortion should be left to be decided by the states. He has even indicated that Trump would veto national ban on abortion had the Congress enacted one.
More About S. Jaishankar
S. Jaishankar is a long-standing Indian politician and diplomat since May 2019, serving also as the Minister of External Affairs of India. Jaishankar was born on 9 January 1955, to a family of civil servants, in Delhi. His mother was a well known Indian civil servant, Krishnaswamy Subrahmanyam.
Early life and Education
Education Jaishankar studied at St. Stephen colleges (Delhi) and got his MA, MPhil, and PhD in international relations (with a specialization in nuclear diplomacy) in Jawaharlal Nehru University (JNU).
Diplomatic Career
Jaishankar was a part of Indian Foreign Service (IFS) since 1977 and served in numerous positions in India, as well as abroad during his 38 years career. To some of his most notable positions, he held:
High Commissioner to Singapore (2007-2009): Signed the Comprehensive Economic Cooperation Agreement (CECA) and also presided over an arrangement between the defense between India and Singapore.
Ambassador to china (2009-2013): Was instrumental in ensuring that there was a stable relationship between India and China despite the Doklam Standoff.
Ambassador to the United States (2014-2015): As a part of her work, she strengthened India-US relations and even the India-US Civil Nuclear agreement was negotiated.
Foreign Secretary of India (2015-2018): He was in charge of foreign affairs of India and a major dealmaker in India.
Personal Life
Jaishankar is married to Kyoko Somekawa Jaishankar with three children. He spends his leisure time reading books, playing squash and going out strolling with her wife. Nevertheless, he takes time off to find a balance between his personal and professional life and especially to be diligent with his family.
Awards and Honors
Jaishankar was appointed a Padma Shri, India's fourth-highest civil award, in January 2019.
Current Role
Unchanged is the key role played by Jaishankar as the Minister of External Affairs that determines the foreign policies of India and her ambassadorship. His experience and knowledge have played a huge role in the stability of the relation with other states, the tumor growth mainly in China and the United States.
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