In a bold twist in the global energy game, Brazil and India are shrugging off U.S. demands to stop buying Russian oil. 😎 While the U.S. has offered lower tariffs – up to 50% on Brazilian exports like coffee and meat – both nations remain steadfast, choosing free trade over political strings.
Brazil's chief advisor, Celso Amorim, emphasized that economic ties should be built on mutual benefit without unilateral sanctions. According to him, trade relations need to be free from political interference and should be governed by internationally agreed standards, such as those set by the United Nations Security Council.
Meanwhile, India is holding onto its long-term oil contracts with Russia, arguing that shifting suppliers isn’t as simple as flipping a switch. Indian sources note that these deals play a key role in keeping global oil prices in check, even as new tariff threats loom over Indian exports. The focus remains on available market options and navigating complex global circumstances.
These developments underline the intricate balance between trade, energy security, and geopolitics. For our tech-savvy, globally minded readers across South and Southeast Asia, this is a perfect example of how economic strategies can mirror the dynamic and diverse trends of our fast-paced world. Stay tuned for more updates on this evolving story! 🚀
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Brazil, India reject U.S. demands to stop buying Russian oil
cgtn.com
