South Fremont Rd, Independence, MO 64055
August 27, 2026 12:22 pm
"Where Africa Comes to Stay Informed."
US Edition
Breaking
  • Central bank holds rates steady, signals two cuts before year end
  • Storm system strengthens off the coast, evacuation orders expand
  • Parliament passes landmark energy bill after overnight session
  • Tech index rebounds after early sell-off on chip earnings
  • Peace talks resume in Geneva as envoys return to the table
  • Central bank holds rates steady, signals two cuts before year end
Home / Business / India cautions that US tariffs may put a strain on relations concerning Russian oil
Business India cautions that US tariffs may put a strain on relations concerning Russian oil

India cautions that US tariffs may put a strain on relations concerning Russian oil

India cautions that the suggested US tariffs may impact bilateral relations while asserting its entitlement to obtain affordable and dependable energy resources. India has cautioned that the new US tariffs aimed at countries purchasing Russian oil may impact its relationship with Washington, while also reaffirming its dedication to ensuring energy supplies for its population. The warning followed the passage of a comprehensive sanctions and tariff bill by the US House of Representatives, which could enable President Donald Trump to impose tariffs as high as 100% on countries such as India. The legislation seeks to amplify economic pressure on Russia in response to its actions in Ukraine. It also prolongs sanctions on Iran and focuses on nations that persist in relying on Russian oil and gas. The bill will now be presented to Trump, who must sign it for it to become law. India’s foreign ministry stated that New Delhi had been closely monitoring the House vote and had consistently expressed concerns to US officials regarding the potential effects of such measures. “The Indian side has also expressed its commitment to implement all necessary actions to safeguard its trade and economic interests,” the ministry stated in a release. New Delhi indicated that it had cautioned Washington that additional measures could impact bilateral relations and have broader implications for international energy markets. India announced that it will persist in sourcing energy from various suppliers according to market conditions, as it aims to safeguard its energy security. The government stated it would collaborate with trade and industry groups to evaluate and address the potential effects of the US legislation. India ranks as the third-largest oil importer globally and has emerged as one of the foremost purchasers of Russian crude following Russia's extensive invasion of Ukraine in 2022. Western sanctions on Moscow have redirected Russian oil to alternative markets, with India emerging as a significant destination. New Delhi has consistently justified its acquisitions of Russian crude, emphasizing that its vast population and economy necessitate dependable and cost-effective energy resources. The recent US legislation may intensify the pressure on India's energy trade with Russia and create additional strain in the relationship between New Delhi and Washington.
Business
0 0

Comments

0
No comments yet. Be the first to share your thoughts.
Lang
Powered by Google
Customer Support

Hello! 👋 Welcome to Zone Yetu customer support. How can we assist you today?

Now
Powered by AI • Average response time: <1s