India has warned the United States that new measures to levy tariffs over the purchase of Russian oil could impact bilateral ties, hours after the US Congress approved a bill that would give President Donald Trump new abilities to punish buyers of Russian oil.
The US House of Representatives on Wednesday passed a sweeping sanctions and tariff bill intended to increase economic pressure on Russia over its invasion of Ukraine.
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The bill targets Russia’s energy and defence sectors, President Vladimir Putin and other senior officials, as well as Moscow’s so-called shadow fleet of tankers used to circumvent Western sanctions.
It also authorises President Donald Trump to impose stiff tariffs of up to 100 percent on countries, including India, to reduce their dependence on Russian oil and gas, and extend sanctions on Iran.
The bill has been sent to Trump to sign into law.
India’s foreign ministry said on Thursday that it “remains firmly committed to ensuring energy security for its 1.4 billion people”.
The Indian foreign ministry said that it had noted the bill’s passage, adding that New Delhi had raised the issue with various US interlocutors in recent months, and had “very clearly articulated” the potential implications for the bilateral relationship and the international energy market.
“The Indian side has also made clear its determination to take all necessary measures to protect its trade and economic interests,” it said in a statement.
The government would work closely with trade and industry bodies to deal with the legislation’s implications, it added.
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India, the world’s third-biggest oil importer, is among the biggest buyers of Russian oil, which is seen as helping Moscow replenish its budget since it launched its full-scale invasion of Ukraine in February 2022 and was hit with sweeping Western sanctions.
New Delhi has repeatedly sought to resist pressure to reduce its oil trade with Russia, saying its large population and economy need secure, affordable and reliable energy supplies.
Finally, India is standing firm. It’s about time they prioritized their 1.4 billion citizens over geopolitical posturing from the West.
If these tariffs hit, expect massive inflation in India. The US risks damaging its own goal of global energy stability.
The US seems to forget that India is not Russia. Penalizing developing nations for their energy choices is counterproductive diplomacy.
Sounds like another empty threat from Washington. India needs cheap oil more than it fears US diplomatic friction right now.
This puts New Delhi in a tough spot. Balancing ties with Washington while relying on affordable Russian energy is getting increasingly difficult.
I’m surprised Congress passed this so quickly. How will Trump even enforce tariffs on a major strategic partner like India?
India has been clear about its stance. If the US wants to penalize buyers of legitimate oil, they should end sanctions themselves instead.
100 percent tariffs? That seems like economic warfare. I wonder how this actually plays out in trade negotiations between the two nations.
Energy security must come first. India cannot sacrifice its people’s needs for foreign pressure, no matter who is in power.