India’s Foreign Minister S Jaishankar has given a strong message on Monday (4 August 2025) amid concerns of buying oil from American tariff and Russia. At the BIMSTEC traditional music festival, he said that the world needs a system where different powerful countries can play an important role.
‘All countries participate in global system’
External Affairs Minister S Jaishankar said, “We are living in a very complicated time. Our collective effort should be such that all countries should participate in the global system and not to have dominance of some people. It is often attributed to the form of political and economic balance. The traditions have special significance because they define identity.”
A great source of tradition power- Jaishankar
The Foreign Minister said, “If we want to be convinced about shaping the future, then we should be convinced about what we are. Traditions are really a big source of power for countries like us.” S Jaishankar’s statement comes at a time when India is facing warnings about buying oil from America tariff and Russia.
Trump’s stance on Indian economy
India has remained the fastest growing big economy for the last three years, which has caught the attention of the world markets. After the announcement of 25 percent tariff on India and a fine for trade with Russia, Trump said last week, “I don’t care what India does with Russia.” I don’t mind how they can take their dead economy down together. ”
Meanwhile, US President Donald Trump has once again threatened India to increase the tariff. Trump said that India is also earning huge profits by buying huge amount of oil from Russia and selling it at high prices in the open market. According to Trump, Russia has been benefiting from this and in such a situation, the war in Ukraine will not end.
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