{"id":47587,"date":"2025-09-06T16:27:19","date_gmt":"2025-09-06T16:27:19","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/47587\/"},"modified":"2025-09-06T16:27:19","modified_gmt":"2025-09-06T16:27:19","slug":"indias-fm-nirmala-sitharaman-plans-relief-for-exporters-as-us-tariffs-bite-reaffirms-russian-oil-purchases","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/47587\/","title":{"rendered":"India’s FM Nirmala Sitharaman plans relief for exporters as US tariffs bite, reaffirms Russian oil purchases"},"content":{"rendered":"

Finance Minister Nirmala Sitharaman on Friday (September 5) said the government is working on a set of support measures for Indian exporters struggling under the weight of steep US tariffs. The announcement follows Washington\u2019s decision last month, under President Donald Trump, to impose additional duties on Indian products. The move, tied partly to New Delhi\u2019s continued imports of Russian crude oil, raised levies on several categories\u2014including garments, jewellery, footwear, and chemicals\u2014to as much as 50%.<\/p>\n

Sitharaman said the government would not let exporters \u201cbe left stranded\u201d and hinted at targeted assistance for industries most affected. \u201cWe will be bringing forward a mechanism to support those who are facing 50% tariffs,\u201d she was quoted as saying to CNBC TV18, noting that Cabinet approval would be required before the measures are rolled out. While exporters are seeking immediate relief, the finance minister made clear that India\u2019s energy strategy would not change under pressure. Speaking to CNN-News18, Sitharaman reaffirmed that the country will continue buying crude oil from Russia, calling it the most viable option for India\u2019s energy security.<\/p>\n

Add WION as a Preferred Source\"\"\/<\/a><\/p>\n

\u201cIndia\u2019s foreign exchange outflow is dominated by crude and refined fuel purchases. We will continue buying from sources that suit our economy best\u2014and that includes Russia,\u201d Sitharaman was quoted as saying to the news outlet. India has become the largest buyer of Russian seaborne crude since Europe and the US restricted supplies following Moscow\u2019s 2022 invasion of Ukraine. New Delhi maintains that its purchases have played a stabilising role in global energy markets.<\/p>\n

Trump, however, has argued that India\u2019s reliance on Russian oil indirectly funds the Ukraine war effort. His administration responded with punitive tariffs on Indian imports, adding pressure on bilateral trade ties even as Washington seeks India\u2019s cooperation in efforts to end the conflict.<\/p>\n","protected":false},"excerpt":{"rendered":"Finance Minister Nirmala Sitharaman on Friday (September 5) said the government is working on a set of support…\n","protected":false},"author":2,"featured_media":47588,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,179,18,19,35301,35302,17,29680,20024],"class_list":{"0":"post-47587","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-eire","11":"tag-ie","12":"tag-india-exporters-trump-tariff","13":"tag-india-russian-oil","14":"tag-ireland","15":"tag-nirmala-sitharaman","16":"tag-trump-tariff"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/47587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=47587"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/47587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/47588"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=47587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=47587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=47587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}