All posts tagged: US tariffs Russian oil

‘Closely Following Developments’: MEA On US Bill Proposing 500% Tariffs Over Russian Oil | India News

‘Closely Following Developments’: MEA On US Bill Proposing 500% Tariffs Over Russian Oil | India News

Last Updated:January 09, 2026, 17:22 IST US President Donald Trump “greenlit” a bipartisan Russia sanctions bill that could penalise Moscow’s trading partners, including India. US President Donald Trump and PM Modi. India said it is closely tracking developments around a proposed US sanctions bill that could impose steep tariffs on countries purchasing Russian oil, asserting that New Delhi’s energy sourcing decisions are driven by global market conditions and the need to ensure affordable supplies for its population. Reacting to the proposed legislation, the Ministry of External Affairs (MEA) said, “We are aware of the proposed bill. We are closely following the developments.” “Our position on the larger question of energy sourcing is well known. In this endeavor, we are guided by the evolving dynamics of the global market and by the imperative to secure affordable energy from diverse sources to meet the energy security needs of our 1.4 billion people,” the MEA said. The response comes after US President Donald Trump “greenlit” a bipartisan Russia sanctions bill that could penalise Moscow’s trading partners, including India, …