NEW DELHI – India said Thursday that it remained firmly committed to ensuring energy security for its people and will continue to source supplies from diverse sellers based on market dynamics, hours after the U.S. made a new move to punish such buyers. New Delhi also said that it had warned Washington any such new moves could impact ties between the two countries. The statement came after the U.S.
House of Representatives passed a sweeping sanctions and tariff bill intended to increase economic pressure on Russia over its invasion of Ukraine. The legislation authorizes U.S. President Donald Trump to impose stiff tariffs of up to 100% on countries, including India, to reduce their dependence on Russian oil and gas, as well as to extend sanctions on Iran.
The bill will now be sent to Trump, who needs to sign it into law. The Indian foreign ministry said that it had noted the passage of the bill, adding that New Delhi had raised the issue with various U.S. interlocutors in recent months, and had “very clearly articulated” the potential implications for the bilateral relationship and the international energy market. The government would work closely with trade and industry bodies to deal with the implications of the legislation, it added.
India, the world’s third-biggest oil importer, is among the biggest buyers of Russian oil, which is seen as helping Moscow replenish its budget since it launched its full-scale invasion of Ukraine in 2022 and was hit with sweeping Western sanctions. New Delhi has repeatedly sought to resist pressure to scale back its oil trade with Russia, saying its large population and economy need secure, affordable and reliable energy supplies.
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