India Defends Russian Oil Purchases Amid US Sanctions Move
What Happened
India responded to the US Congress passing the Sanctioning Russia and Iran Act, which could allow tariffs of up to 100% on major buyers of Russian oil. The Ministry of External Affairs said India remains committed to ensuring energy security for its 1.4 billion people through diversified sourcing and evolving market-based decisions. New Delhi also said it had already conveyed its concerns to US officials about the potential impact on bilateral ties and global energy markets.
Key Takeaways
India has signaled it will continue prioritizing affordable and reliable energy supplies, while taking necessary steps to protect its trade and economic interests if the US legislation becomes law. The bill still awaits Donald Trump's approval.