India, Aug. 4 -- India on Monday responded to US President Donald Trump's fresh threat to raise tariffs on New Delhi, saying that the United States and the European Union have targeted India for importing oil from Russia after the Ukraine conflict and that such a move is "unjustified and unreasonable."

In a strong statement, the ministry of external affairs said that it would take all necessary steps to protect India's interests and economic security.

The statement came hours after US President Donald Trump said that India has been buying "massive amounts" of Russian oil and selling it on the open market for "big profits".

"India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it...