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US Sanctions Bill Risks India’s Energy Security and Strategic Autonomy

US Sanctions Bill Risks India’s Energy Security and Strategic Autonomy
US sanctions policy — on India and beyond — is reckless and blunt · indianexpress.com

The US Congress passed a bill that could punish countries buying Russian oil.

India buys Russian energy and worries that the punishment could make energy more expensive or harder to obtain.

The bill could allow tariffs as high as 100 percent.

India’s foreign minister, S. Jaishankar, said India has the right to provide energy for its 1.4 billion people.

He also warned that the bill could hurt relations between India and the United States.

The article says this policy is too broad and may not solve international conflicts.

A similar US sanctions law from 2017 included an exception for India’s purchase of Russian missile-defense equipment.

Diplomats may still try to find a compromise.

Key facts

Legislation
Lindsey O. Graham Sanctioning Russia and Iran Bill
Potential tariff
Up to 100% on countries importing Russian oil
Countries targeted
India and China
India’s stated concern
Protecting energy security for 1.4 billion people
Indian official
External Affairs Minister S. Jaishankar
Earlier law
Countering America’s Adversaries Through Sanctions Act, passed in 2017
Earlier exception
An exception was made under CAATSA for India’s purchase of the Russian S-400 missile-defense system

Sources

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