India responds to US legislation on 100% tariffs for Russian oil purchases; Ministry of External Affairs states it will not compromise on its interests.

India responds to US legislation on 100% tariffs for Russian oil purchases; Ministry of External Affairs states it will not compromise on its interests.

The threat of a major US tariff looms over India. Under legislation passed by the US Congress, tariffs of up to 100% could be imposed on countries purchasing oil and gas from Russia. India has now issued a direct response to the US regarding this matter. The Ministry of External Affairs stated that India is fully committed to ensuring energy security for its 1.4 billion people. India will continue to do so by sourcing energy from diverse origins and adapting to changing market conditions.