Buying oil from Russia will be expensive? America is putting pressure on G7 to impose tax up to 100% tax on India and China:

News India Live, Digital Desk: There is a big stir in international politics, at the center of which India and China are at the center. The US is now pressurizing the G7 groups of seven most powerful countries in the world to impose heavy tax (tariffs) on India and China. Reason? The reason is that of these two countries to buy oil from Russia continuously.

The US government believes that when big countries like India and China buy cheap oil from Russia, Russia is using that money in war against Ukraine. According to a Financial Times report, the US wants G7 to impose tariffs ranging from 50% to 100% on goods coming from India and China.

Why is this step being taken?

It is a simple matter, America wants to force Russia to break the economic waist and bring it to the conversation table. A spokesman for the US Treasury Department clearly said, “Russian oil bought by China and India is running the war machine of Putin and killing the people of Ukraine. The day this war ends, these taxes will also be removed.”

An important video meeting of finance ministers of G7 countries (Canada, France, Germany, Italy, Japan, Britain and America) is scheduled to be held on Friday to discuss this sensational proposal.

But the story has a screw

The US may be pressurizing its allies, but the European Union (EU) is not very excited about this proposal. The European Union is afraid of many things:

• Business war threat: India and China are major economic forces of the world. Paying such heavy tax on these means to directly make a business screw. The European Union fears that these countries may also retaliate, causing great loss to Europe’s economy.
• Business Agreement: The European Union has a conversation in the final stages about a big free trade agreement with India and does not want to endanger this conversation.
• Separate plan: The European Union says that instead of imposing such taxes, it wants to work on his plan to completely discontinue energy purchases from Russia by 2027.

This case has brought a very diplomatic challenge for India. India has always been calling for its energy needs and independent foreign policy. It will now be seen what is decided in the G7 meeting and how India faces this international pressure.