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India warns new US tariffs over Russian oil could impact ties
Al Jazeera • • nation
Key Points:
- The US House of Representatives passed a sanctions and tariff bill targeting Russia’s energy and defense sectors, authorizing President Trump to impose tariffs up to 100% on countries buying Russian oil, including India.
- India warned the US that these new tariff measures could negatively affect bilateral relations and has communicated its concerns to US officials in recent months.
- India emphasized its commitment to ensuring energy security for its 1.4 billion people and indicated it will take necessary actions to protect its trade and economic interests.
- As the world’s third-largest oil importer and a major buyer of Russian oil, India has resisted pressure to reduce imports from Russia, citing the need for secure and affordable energy supplies.
- The bill now awaits President Trump's signature to become law, potentially impacting international energy markets and India-US relations.
