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What's happening with US Russia Sanctions Bill Tariff Threat right now

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Closely monitoring: India on US bill seeking up to 100% tariffs on purchasers of Russian oil

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  1. India's External affairs ministry spokesperson Randhir Jaiswal said India is closely monitoring the US bill seeking up to 100% tariffs on purchasers of Russian oil.

  2. Jaiswal reiterated India's position on energy security is based on national priorities and securing energy needs for 1.4 billion people through diversified sources, including the US.

  3. The bill, if enacted, would impose tariffs on countries purchasing Russian oil, but India has not announced any change to its oil procurement strategy.

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