1 hr ago
India Reaffirms Russian Oil Purchases Despite Potential US Tariffs
India buys oil from several countries, including Russia, to keep energy available for its people.
The US Congress passed a law that could allow very high tariffs on countries buying Russian oil.
India said it will continue using different energy suppliers.
It warned that these tariffs could make Indian goods more expensive in the US.
That could hurt Indian businesses and exporters.
India also said the measure could damage its relationship with the United States.
India has discussed its concerns with US officials.
The US House passed the bill, and President Donald Trump has indicated he will sign it.
India said it will continue sourcing energy from diverse suppliers to protect energy security.
New Delhi warned that possible US tariffs over Russian oil purchases could affect India-US relations.
India said the tariffs could disrupt global oil markets and hurt Indian exporters.
The US House passed the Sanctioning Russia and Iran Act by 262 votes to 159.
President Donald Trump has indicated he will sign the legislation, which permits tariffs of up to 100 percent.
- Who
- The Government of India, the US Congress, and President Donald Trump.
- What
- India reaffirmed its plan to source energy from diverse suppliers despite possible US tariffs linked to Russian oil purchases.
- Where
- The decision concerns India’s energy purchases and potential US trade measures affecting goods entering the United States.
- When
- The US House passed the bill on Thursday, and India reiterated its position on Friday.
- Why
- India says diversified sourcing is necessary for energy security, while the possible tariffs could protect its trade interests and affect bilateral relations.
India’s Position
US Sanctions Approach
Russian oil purchases
India’s Position
India says it must use diverse energy suppliers to protect energy security for its 1.4 billion people.
US Sanctions Approach
The legislation targets countries that buy Russian oil by allowing tariffs of up to 100 percent.
Impact on relations and trade
India’s Position
India says the tariffs could damage India-US relations, disrupt global oil markets, and hurt Indian exporters.
US Sanctions Approach
US lawmakers passed the measure through both chambers, creating a path for presidential action against countries purchasing Russian oil.
Key facts
- House vote
- The US House of Representatives passed the bill 262-159.
- Senate vote
- The US Senate passed the act 86-11 last month.
- Potential tariffs
- The legislation empowers the president to impose tariffs of up to 100 percent on countries buying Russian oil.
- India’s position
- India said it will continue sourcing energy from diverse suppliers.
- Economic concern
- India warned that steep tariffs could reduce the competitiveness of Indian goods in the US market.
- Energy concern
- India said the measure could severely disrupt global oil markets.
- Next step
- President Donald Trump has indicated that he will sign the legislation.
Quotes
Government of India
India's central government, speaking through an official statement
“The Government of India has noted the passage of the Sanctioning Russia and Iran Act in the US Congress. We are monitoring further developments on this matter.”
deccanchronicle.com
“India has also made clear its determination to take all necessary measures to protect its trade and economic interests.”
deccanchronicle.com
Sources
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