India warns new US tariffs over Russian oil could impact ties
India has warned the United States that new measures to levy tariffs over the purchase of Russian oil could impact โ bilateral ties, hours after the US Congress approved a bill that would give Presideโฆ
India has warned the United States that new measures to levy tariffs over the purchase of Russian oil could impact โ bilateral ties, hours after the US Congress approved a bill that would give President Donald Trump new abilities to punish buyers of Russian oil.
The US House of Representatives on Wednesday passed a sweeping sanctions and tariff bill intended to increase economic pressure on Russia over its invasion of โ Ukraine.
The bill targets Russiaโs energy and defence sectors, President Vladimir Putin and other senior officials, as well as Moscowโs so-called shadow fleet of tankers used to circumvent Western sanctions.
It also authorises President Donald Trump to impose stiff tariffs of up to 100 percent on countries, including India, to reduce their dependence on Russian oil and gas, andโ extend sanctions on Iran.
Indiaโs foreign ministry said on Thursday that it โremains firmly committed to ensuring energy security for its 1.4 billion peopleโ.
The Indian foreign ministry said that it had noted the billโs passage, adding that New Delhi had raised the issue with various US interlocutors in recent months, and had โvery clearly articulatedโ the potential implications for the bilateral relationship and the international energy market.
โThe Indian side has also made clear its determination to take all necessary measures to protect its trade and economic interests,โ it said in a statement.
The government would work closely with trade and industry bodies to deal with the legislationโs implications, it added.
Read Full Story at Al Jazeera โ

