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India
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Jul 03, 2025
India expresses concern over Russian oil tariff
India has let US Senator Lindsey Graham know it's worried about a proposed 500% tariff on countries buying Russian oil—a move that mainly targets India and China.
Foreign Minister S Jaishankar stressed how important affordable Russian oil is for India's energy needs, saying these concerns have been clearly shared with the US.
TL;DR
Bill pressures Russia, but puts India in tough spot
If these tariffs go through, they could potentially impact US-India trade talks and even lead to responses from India.
The bill is meant to pressure Russia over the Ukraine war, but it puts India in a tough spot as it tries to balance keeping energy costs down with maintaining good relations with the West.