Will India resist US tariff pressure amid trade deal talks? Trump plans to sign Russia sanctions bill
“The President plans to sign the bill,” a White House official told PTI when asked about the presidential signing of the Act into law. The statement came a day after the US House of Representatives approved the bill.
India has expressed concern over a US sanctions bill that could impose up to 100% tariffs on its top five Russian oil buyers, potentially impacting bilateral ties and the global energy market. The Lindsey Graham Sanctioning Russia and Iran Act of 2026 passed the US House of Representatives with a 262-159 vote, and was signed into law by President Trump.
The bill allows the President to impose tariffs on the five largest purchasers of Russian oil and natural gas, a group that currently includes China, India, Slovakia, Hungary and Azerbaijan. While the bill does not compel tariffs, once signed it would give Trump a lasting tool to penalize buyers of Russian energy. India's External Affairs Ministry stated that the government is committed to protecting its trade and economic interests and will work closely with trade and industry bodies to manage the fallout.
The ministry reiterated India's position that its energy purchases are guided by national interest and that the country will continue sourcing energy through diversified sourcing and based on evolving market dynamics. India has increased its energy purchases from the US and Venezuela as part of diversification efforts, but Russia remains its largest source of crude oil, supplying 51.1% of its crude imports in July.
Written by urgent.news from Hindustan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
