India on Thursday said it was closely monitoring developments after the US Congress passed legislation that could expose major buyers of Russian oil and gas to tariffs of up to 100 per cent, while reaffirming that its energy security would continue to guide its crude sourcing decisions. The Ministry of External Affairs (MEA), in a […]

U.S. House passes bill allowing 100% tariffs on countries, including India, buying Russian energy, awaiting Trump’s signature.

India reaffirmed its commitment to energy security and protecting trade interests as the US Congress passed a Russia sanctions bill that could impose tariffs of up to 100% on countries buying Russian oil and gas.

sweeping Russia sanctions bill championed by the late Senator Lindsey Graham cleared a key procedural hurdle in the US House of Representatives on September 15, setting up a final vote on legislation that supporters say would increase pressure on Moscow and strengthen US support for Ukraine.