India on Monday denounced as unfair the mounting pressure from the United States and European Union over its continued purchases of Russian oil. Foreign Ministry spokesman Randhir Jaiswal said the country would safeguard its economic interests amid threats of steep tariffs from President Donald Trump.

Donald Trump said on Monday he will substantially raise tariffs on goods from India over its Russian oil purchases, while New Delhi said it would take measures to safeguard its interests and called its targeting by the U.

India has a large trade surplus with the U.S. and was previously facing 25% rates set to go into effect this Friday.