2 hrs ago
Jaishankar Raises India’s Concerns Over US Russian Oil Tariffs
India’s foreign minister, S. Jaishankar, met US Secretary of State Marco Rubio.
They met during a major United Nations meeting.
Jaishankar said India was worried about a new US sanctions bill.
The bill targets Russia’s energy trade and other financial networks.
It could allow the US president to place tariffs as high as 100% on countries buying Russian oil and gas.
India buys a large amount of Russian crude oil.
India said it would protect its interests and decide where to buy oil based on changing market conditions.
The officials also talked about the Gulf and Ukraine.
S. Jaishankar met US Secretary of State Marco Rubio during the UN General Assembly’s high-level week.
Jaishankar said he reiterated India’s interests and concerns about the Sanctioning Russia and Iran Act of 2026.
The two officials also discussed developments in the Gulf and Ukraine.
The US House passed the sanctions bill 262-159, including authority for tariffs of up to 100% on major Russian energy buyers.
India said it would take necessary measures to protect its interests and base oil purchases on evolving market conditions.
- Who
- India’s External Affairs Minister S. Jaishankar and US Secretary of State Marco Rubio.
- What
- They discussed India’s concerns about the Sanctioning Russia and Iran Act of 2026, along with the Gulf and Ukraine situations.
- Where
- On the sidelines of the United Nations General Assembly.
- When
- They met on the sidelines of the UN General Assembly during high-level week; Jaishankar’s post was dated September 23, 2026.
- Why
- India is concerned that the bill could lead to higher US tariffs on countries continuing to buy Russian energy.
India’s Concerns
US Sanctions Approach
Potential economic impact
India’s Concerns
India is concerned that tariffs on Russian energy buyers could affect its interests and potentially raise duties on Indian exports to the United States.
US Sanctions Approach
The legislation gives the US president powers to impose secondary tariffs on countries that continue buying Russian energy.
Russian oil purchases
India’s Concerns
India says its oil-sourcing decisions will be based on evolving market dynamics and that it will protect its interests.
US Sanctions Approach
The bill seeks to pressure Russia by restricting its energy revenues and targeting financial networks and vessels involved in its oil trade.
Key facts
- Legislation
- The Sanctioning Russia and Iran Act of 2026, also referred to as SRIA.
- House vote
- The US House of Representatives passed the bill by 262 votes to 159.
- Potential tariff
- The bill would give the US president authority to impose tariffs of up to 100% on the top five importers of Russian crude oil and natural gas.
- Targeted activity
- The legislation targets Russia’s energy sector, financial networks and vessels associated with its oil trade.
- India’s position
- India said it would take all necessary measures to protect its interests.
- Oil sourcing
- India said its decisions would depend on evolving market dynamics.
- Other major buyer
- China was also identified as a major buyer of Russian oil that could face the tariff threat.
Quotes
S. Jaishankar
India’s External Affairs Minister
“Good to meet @SecRubio of the US. Reiterated India’s interests and concerns with regard to SRIA. Also discussed the Gulf and Ukraine situations.”
financialexpress.com
Sources
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