New Delhi: India has responded cautiously to a new US bill that proposes a sweeping 500% tariff on countries importing Russian oil, including India. External Affairs Minister S. Jaishankar acknowledged awareness of the proposed legislation and confirmed that Indian officials are in direct contact with US lawmakers to communicate the country’s strategic concerns.
The bill, introduced in the US Congress and supported by over 80 senators, aims to penalise nations that continue buying Russian oil, gas, and uranium. It comes amid efforts to intensify sanctions against Moscow following the Ukraine conflict. If passed, the bill would place significant financial pressure on energy importers such as India, which now sources over 40% of its crude oil from Russia.
Addressing media questions during a press conference, Jaishankar said, “We’ll cross that bridge when we come to it.” He added that India’s embassy in Washington and its ambassador have been actively engaging with Senator Lindsey Graham and other sponsors of the bill. Indian representatives have expressed national interests, especially concerning energy security.
India has consistently maintained that its energy decisions are guided by affordability and availability. Since the Russia–Ukraine war began in 2022, India has ramped up imports from Russia, taking advantage of discounted crude to meet rising domestic demand. The dramatic shift has brought Russia to the forefront of India’s energy supply chain—up from just 1% of crude imports in 2021.
Jaishankar also stressed that India would not pre-judge the legislation but would evaluate its implications if and when it becomes enforceable. He reaffirmed that geopolitical developments in Washington are always monitored closely, but energy partnerships are assessed based on national priorities.
The statement was made following Jaishankar’s visit to Washington, where he met US Secretary of State Marco Rubio between June 30 and July 2. The visit focused on bilateral cooperation, regional security, and the evolving energy landscape.
-Agencies
