The US Commerce Minister Howard Lannik expressed concern over the alternative currency and India’s defense trade with Russia proposed by BRICS countries while discussing relations between India and the US in India Today Conclave 2025. He said that India should stop buying a handar from Russia.
Lonik on Friday described how India’s procurement of arms from Russia and its participation in the BRICS (Brazil, Russia, India, China and South Africa) alliance, which introduced the idea of ​​replacing an alternative currency in place of US dollars, affects Delhi’s relations with Washington.
Lonik, director of India Today TV, said Lonik, “India is ‘I’ in BRICS, which is trying to create a currency that can replace the US dollar as a global economic currency. Become. “
America’s objection to India’s defense purchase from Russia
Lonik also emphasized that there is a need to end India’s historical defense relations with Russia. He said, “You know that India historically bought a large part of its military power from Russia, and we feel that it needs to be finished.”
Apart from this, he reiterated that India is among some countries in the world who impose the most tariffs on American goods. He said that India will have to make a widespread cut in tariffs so that the US can enter the Indian market and there can be a trade between the two countries.
When asked whether the Narendra Modi government of India would not be politically harmed by reducing tariffs on agricultural products. Lonik said, ‘The Indian market will have to open with agricultural products. You have to do business in a smart way. This is not the way of business. India reduce its tariff and let America come in its market. This is the time to do something big, only a few products will not work by reducing tariffs. Smartali business has to be done.