MEA 'Closely Following' US Bill Seeking 100% Tariff Over Russian Oil
New Delhi says it is monitoring proposed US tariffs of up to 100% on top Russian oil buyers as lawmakers target Russia's war revenue.
- On Friday, Ministry of External Affairs spokesperson Randhir Jaiswal said India is closely monitoring proposed US legislation authorizing 100% tariffs on Russian oil buyers, backed by 60 Senators.
- The "Senator Lindsey O. Graham Sanctioning Russia Act of 2026" targets the five largest oil purchasers—India, China, Slovakia, Hungary, and Azerbaijan—to restrict revenue funding Russia's war in Ukraine.
- India's crude imports reached 4.5 billion Euros in June, rising 34% month-on-month and accounting for roughly 36% of Russia's total exports, making India the second-largest buyer after China.
- The bill authorizes tariffs up to 100% but exempts countries importing less than 15% of Russia's natural gas if taking steps to reduce imports; the President can waive sanctions if justified to Congress.
- Jaiswal emphasized India's procurement strategy is based on energy security requirements and noted regular maritime traffic in the Persian Gulf, with seven Indian vessels currently deployed in the region.
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Govt says ‘closely following’ developments on US bill seeking 100% tariff over Russian oil purchase
Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said during the bi-weekly media briefing on July 17 that the government is aware of the proposed legislation and is monitoring the situation.
India responds to US 100% tariff bill after 60 senators back move targeting Russian oil purchases
India is monitoring a proposed US law that could impose up to 100% tariffs on major buyers of Russian oil, impacting India's energy imports amid ongoing US-Russia sanctions developments.
Closely following: MEA on US bill seeking 100% tariff on India, others due to Russian oil purchase - The Tribune
The Ministry of External Affairs (MEA) on Friday said New Delhi is 'closely following' developments related to a proposed US legislation targeting five countries, including India, for their purchase of Russian oil, seeking 100 per cent tariffs on these countries. Addressing a weekly media briefing, MEA spokesperson Randhir Jaiswal said that the government is aware of the proposed legislation and is monitoring the situation.
'Closely following': India on US bill seeking 100% tariffs on India, others
India on Friday said it is closely monitoring a proposed US bill that seeks to impose 100% tariffs on countries, including India, buying Russian crude oil. The External Affairs Ministry said India's energy imports are guided by its sourcing strategy. The bipartisan US bill aims to curb Russia's oil revenue funding the Ukraine war.
Closely following developments: Govt on US proposal for 100% tariff on oil buyers
India said it is closely following a proposed US Bill targeting buyers of Russian crude. New Delhi said its oil purchases are guided by energy sourcing needs as Washington weighs wider pressure on Moscow.
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