The Indian government announced on Thursday its commitment to safeguarding its trade and economic interests following the U.S. House of Representatives’ approval of a sanctions bill that could impose tariffs as high as 100% on major importers of Russian oil. This move comes as part of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which passed with a vote of 262-159.
The legislation, now awaiting presidential action to become law, targets nations including India, China, Slovakia, Hungary, and Azerbaijan, should they continue substantial trade with Russia. The potential tariffs have sparked concern over the possible impact on India-U.S. trade relations as well as the broader global energy market.
In response, India’s Ministry of External Affairs stated that the country is dedicated to ensuring energy security for its population of 1.4 billion. The ministry emphasized India’s strategy to rely on diversified energy sources, adapting to shifting market dynamics, and confirmed that discussions on the proposed sanctions’ impact have been held with senior U.S. officials.
India has been actively working to diversify its energy portfolio by increasing purchases from various countries, notably the United States and Venezuela, even as Russian oil remains a significant component of its energy imports. This diversification effort highlights India’s proactive steps to mitigate potential economic consequences from the U.S. legislative measures.
The Indian government also plans to collaborate with trade and industry bodies within the country to navigate any economic fallout resulting from the U.S. sanctions. The evolving situation underscores the delicate balance India seeks to maintain in its international trade relationships amid shifting geopolitical landscapes.