India Warns 100% US Tariffs on Russian Oil Could Strain Bilateral Ties
Updated
Updated · Al Jazeera English · Sep 17
India Warns 100% US Tariffs on Russian Oil Could Strain Bilateral Ties
3 articles · Updated · Al Jazeera English · Sep 17
Summary
India said new US penalties on buyers of Russian oil could damage bilateral relations, warning Washington it will protect its trade and economic interests.
The warning came hours after the US House passed a sanctions bill letting President Donald Trump impose tariffs of up to 100% on countries including India to curb purchases of Russian oil and gas.
New Delhi said it had already raised the issue with US interlocutors and argued the measures could disrupt international energy markets as well as India’s energy security.
India, home to 1.4 billion people and the world’s third-largest oil importer, has resisted Western pressure to cut Russian purchases, saying affordable and reliable supplies are essential.