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Home » Transcript: Trump’s Tariff, Russian Oil, Munir’s Nuke Threat, Bangladesh & Nat’l Security- Pankaj Saran

Transcript: Trump’s Tariff, Russian Oil, Munir’s Nuke Threat, Bangladesh & Nat’l Security- Pankaj Saran

Read the full transcript of retired Indian diplomat Pankaj Saran’s interview on ANI Podcast with Smita Prakash on “Trump’s Tariff, Russian Oil, Munir’s Nuke Threat, Bangladesh & Nat’l Security”, premiered on August 14, 2025.

Trump-Putin Alaska Meeting and Its Global Implications

SMITA PRAKASH: Namaste. Jai Hind. You’re watching or listening to another edition of ANI podcast with Smita Prakash. My guest today is Pankaj Saran, former Indian Ambassador to the Russian Federation. He’s also served as Deputy National Security Advisor of India from May 2018 to December 2021. Ambassador Saran has been India’s High Commissioner to Bangladesh March 2012 to 2015, and served at the Indian Mission in Washington, D.C.

Ambassador Saran, thank you so much for being part of the podcast. Looking forward to my conversation with you. I want to begin because we’re going to be airing this before the famed Alaska meet, and hopefully it happens. I don’t even know. You never know with the Trump administration. Suddenly, things change. But how do you see this happening, this Trump Putin meeting which was to take place? Do you think they can hammer out a peace deal at all?

PANKAJ SARAN: Look, I think it’s firstly, intensely significant moment in contemporary history and it’s extraordinary. I think Trump has staked his presidency on it, on the success of arriving at a ceasefire and finding peace with Russia. So when he began, even before he began in his election campaign, he actually accused Biden of starting the war or not preventing the war. So he has been very consistent.

And not only him, his entire Republican Party, people like Vivek Ramaswamy and everyone else, they have basically said, “This is not our war.” And this was anathema to the orthodoxy of New York, of D.C. under the Democrats, who were the bleeding hearts, fully supporting Ukraine, lambasting Russia. So suddenly it was like a complete convulsion.

And so this is where we are today. Alaska, therefore, is critical for Trump’s presidency and his success. And the last eight months have been a roller coaster between him and Russia. I mean, to the point that he has actually not allowed his foreign office or the State Department to handle the relationship. He has picked handpicked envoy Steve Witkoff, his golfing partner, to do the negotiation directly with Putin.

So it’s a very unorthodox, unseen. The first people who were shocked were the Europeans. They could not understand what is going on. They were very, very fearful of a Trump presidency because they thought they’re going to be sold down the train. So coming to the question, I think Alaska is intensely significant. I have always betted on the fact that by the end of this year, you will have a deal between the Americans and the Russians, regardless of the ups and downs or the highs and lows, because this is the nature of the negotiation.

Trump’s Tariff Strategy Against India

SMITA PRAKASH: Overnight, the press conference that the US President had, he says this, “I’m going to meet him there,” which is, “Russian economy is not doing well right now because it’s being very disturbed by this.” Then he says very significantly, “It doesn’t help when President of the United States tells there which is Russia’s largest or second largest oil buyer, that we are putting a 50% tariff on you if you buy oil from Russia.” That was a big blow. Obviously, it’s not the largest buyer because he’s not slapped tariffs on China to the tune of 50%.

PANKAJ SARAN: Not yet.

SMITA PRAKASH: Not yet. At the time of filing this report, I need to keep saying this. It’s clearly he’s signalling about India. So what is this that we got to hit? Your friend so you got to comply again.

PANKAJ SARAN: So he’s using all the instruments in his armor. Right. So we know the instruments that were used in the past. This is an unorthodox instrument. So the tariffs on India, a part of his Russia strategy. A part of it. Not the full. I mean, we can discuss the whole basis of the tariffs, but a part of the tariff imposition can be ascribed to his Russia strategy.

Now, it’s debatable whether it will succeed or not or whether it will actually have an impact. He’s calculating that India will be forced to stop oil purchases from Russia. Now, supposing India does not, then what happens to the strategy? But, yes, it is a signal to Russia that “I’m going after you, but I’m also going after your friends.” But remember, so far, he actually has not gone after Russia like the Biden people did. The people who actually imposed these crippling sanctions on Russia was not Trump, it was Biden.

SMITA PRAKASH: But nobody expected him to go after Putin. He was supposedly friends with Russia. That was the entire Democrat campaign, that he is pro Russia and everything, and now here he is going hammer and tongs. But then that’s also part of what he is. He went after Elon Musk. After Elon Musk funded his campaign. So there is no consistency in his attitude, behavior, policies, nothing. But what here, what we are seeing, going after India. Do you think Putin blinked? Because this is one of the reasons.

PANKAJ SARAN: Not at all, not at all. I mean, the stakes are much higher. This didn’t materialize in the last one week. I mean, this has been going on since January. I mean, remember, if you catalog all these statements and meetings held just in February, which is less than a month after Trump took over, they were extraordinary. I mean, there was a rush of meetings between American and Russian officials. So the ground was laid at that time. Since then, in the last seven months, the dialogue has continued.

I would keep my eyes on Steve Witkoff on this side and Kirill Dmitriev, the Russian RDIF.