External Affairs Minister S. Jaishankar on Thursday underscored India\u2019s energy security concerns in light of a proposed US legislation that seeks to impose a 500% tariff on Russian oil imports \u2014 a move that could affect countries like India that continue buying Russian energy.<\/p>\n
Speaking at a press conference, Jaishankar noted that developments in the US Congress are closely monitored by India if they have the potential to impact national interests. Referring to the proposed sanctions bill by US Senator Lindsey Graham, he confirmed that India has already conveyed its concerns through diplomatic channels.<\/p>\n
\n\u201cAny development which is happening in the US Congress is of interest to us if it impacts our interest or could impact our interest. So, we have been in touch with Senator Graham. Our embassy and ambassador have communicated India\u2019s energy security concerns to him,\u201d<\/em> Jaishankar said.<\/p>\n<\/blockquote>\n
The bill, introduced by Graham, proposes a steep 500% tariff on imports from any country purchasing Russian oil, gas, uranium, and other products, according to The Hill<\/em>. With over 80 co-sponsors, the legislation enjoys broad bipartisan support, making it potentially veto-proof.<\/p>\n
Energy Security at Stake<\/h2>\n
Since the start of the Russia-Ukraine war, India has consistently defended its decision to import Russian oil, arguing it is essential for affordable energy and economic stability. India\u2019s imports of Russian oil hit a 10-month high in May, underlining the scale of its dependence.<\/p>\n
Jaishankar reiterated that India would \u201ccross that bridge when we come to it,\u201d but made it clear that the government is proactively engaged with US lawmakers to ensure India\u2019s interests are respected.<\/p>\n
On the US side, Graham acknowledged discussions with former President Donald Trump regarding the bill, though some Republican lawmakers remain cautious, awaiting Trump\u2019s nod before advancing it further.<\/p>\n
A Diplomatic Balancing Act<\/h2>\n
This development highlights the delicate balance India seeks to maintain \u2014 upholding its strategic autonomy and energy needs while managing its ties with both Washington and Moscow in a tense geopolitical climate.<\/p>\n
Know More about<\/h3>\n
ONGC\u00a0<\/a>
\nIndian Oil Corporation (IOC)<\/a>
\nReliance Industries<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"External Affairs Minister S. Jaishankar on Thursday underscored India\u2019s energy security concerns in light of a proposed US legislation that seeks to impose a 500% tariff on Russian oil imports \u2014 a move that could affect countries like India that continue buying Russian energy. Speaking at a press conference, Jaishankar noted that developments in the […]<\/p>\n","protected":false},"author":3,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366],"tags":[],"ppma_author":[1330],"class_list":{"0":"post-11055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world-news"}," _eael_post_view_count":0,"authors":[{"term_id":1330,"user_id":3,"is_guest":0,"slug":"aman","display_name":"Aman","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ee3398f621a1f7fd617166e7edeb33db666027e952f72dac307cf02837120170?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=11055"}],"version-history":[{"count":3,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11055\/revisions"}],"predecessor-version":[{"id":11065,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11055\/revisions\/11065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/10420"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=11055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=11055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=11055"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=11055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}