External Affairs Minister S. Jaishankar has addressed growing concerns around the proposed US 500 Percent Tariff on countries that continue to import Russian oil, including India. He emphasized that while the bill is not yet law, India is fully aware of the potential consequences and is preparing to protect its energy and strategic interests.
Jaishankar addresses US 500 percent tariff move
Speaking at a media briefing in New Delhi, Jaishankar said India will deal with the situation if and when the proposed US 500 Percent Tariff becomes law. He noted that such policies could have unintended consequences on global energy flows, especially in developing countries.
The proposal, introduced in the US Senate under a bipartisan bill, aims to impose massive import tariffs on countries that buy Russian oil, even if those imports are not going to the US. The bill is currently under review in the US Congress and has sparked serious diplomatic conversations.
India highlights energy and security concerns
India has repeatedly stressed its need for affordable energy, especially given the country’s dependence on oil imports to meet nearly 85% of its crude demand. Russian oil, offered at a discount due to sanctions, has played a vital role in keeping fuel inflation low in India.
Officials in New Delhi argue that energy security is non-negotiable, and any international action must take into account the unique challenges faced by developing economies. Jaishankar reiterated that India is transparent in its energy dealings and will act in the best interest of its citizens.
You can read the full coverage on Times of India here.
India prepared to respond if bill becomes law
While the US 500 Percent Tariff is not yet enacted, Indian policymakers are preparing for possible outcomes. Sources suggest that contingency plans are being discussed, including diversifying crude sources, enhancing storage, and increasing diplomatic outreach to explain India’s position globally.
India also intends to raise this issue in upcoming multilateral forums such as the G20 Energy Transition Working Group, where it will highlight the need for balanced approaches in energy policy. Analysts believe such a tariff could disrupt not only trade but also strain India-US strategic relations if handled poorly.
Talks ongoing with US over Russian oil trade
Jaishankar confirmed that ongoing US-India diplomatic talks are being held at multiple levels to ensure a clear understanding of the matter. He stressed that India has already communicated its concerns directly to Washington, emphasizing the potential risk to energy prices, trade, and geopolitical balance.
India remains committed to maintaining strong ties with both the US and Russia while ensuring its national energy security is safeguarded. The outcome of the US 500 Percent Tariff proposal could have wide-reaching effects on global oil dynamics.
Conclusion
The US 500 Percent Tariff proposal has opened a new chapter in global energy politics. While India hopes for a balanced resolution, it is also preparing to safeguard its interests. As global energy strategies evolve, India’s diplomatic and economic choices will be closely watched.
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