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Putin said that trade between Russia and US “grew by 20%” since new government came to power in America.
Alaska Summit: Putin says trade with US grew under Trump administration (Reuters Image)
Russian President Vladimir Putin on Friday said that the bilateral trade between the US and Russia “started to grow” after the change of administration in America this year.
Putin said that the trade between the two rival countries witnessed a “symbolic” growth of 20% since Trump came to power in the US.
Trump and Putin held an over three-hour-long meeting at a military base in Alaska over the Ukraine conflict on Friday. The Russian President was given a red carpet welcome on the US soil for his first visit to the country since the outbreak of full-scale war in Ukraine.
“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%. 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 told reporters, as Trump stood silent and smiling beside him.
His remarks came at a time when Trump has imposed 50% tariffs on India for its decision to continue buying Russian oil, alleging that it funds the “Russian war machine” in Ukraine, while Washington continues to grow its trade relations with Moscow.
Earlier this month, Trump slapped 25% tariffs on India and an additional 25% levies on Indian imports into the US for its energy and defence ties with Moscow — something which was described by “unjustified” by New Delhi.
Trump had accused India of buying massive amounts of Russian oil “and selling it on the open market for big profits”.
India issued a strong response to the Trump tariffs and called out the US-EU duplicity on the matter, highlighting that America continues to import uranium hexafluoride from Russia for its nuclear industry.
The Ministry of External Affairs had pointed out that the US and EU are still trading with Russia, including their purchase of energy and important goods, even though they spoke publicly against Russia’s war in Ukraine.
Ashesh Mallick is a Sub-Editor with over three years of experience in news writing, video production. He primarily covers national news, politics and global affairs. You can follow him on Twitter: @MallickAshes…Read More
Ashesh Mallick is a Sub-Editor with over three years of experience in news writing, video production. He primarily covers national news, politics and global affairs. You can follow him on Twitter: @MallickAshes… Read More
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