https://sputniknews.in/20260917/india-firm-on-protecting-its-energy-security-warns-us-about-impact-on-ties-12326082.html
India Firm on Protecting its Energy Security, Warns US About Impact on Ties
India Firm on Protecting its Energy Security, Warns US About Impact on Ties
Sputnik India
The Lindsey O Graham Sanctioning Russia and Iran Act of 2026 was passed in the US House of Representatives on Thursday.
2026-09-17T13:17+0530
2026-09-17T13:17+0530
2026-09-17T13:17+0530
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India’s Ministry of External Affairs (MEA) said on Thursday that it was "closely monitoring" the developments in the wake of the U.S. House passing the Sanctioning Russia and Iran Act, which seeks to hand over President Donald Trump the authority to impose 100% tariff on top 5 buyers of Russian oil and gas.The bill was passed in the US Congress by a bipartisan majority of 262-159. The US Senate cleared the bill on 7 August. The bill is now expected to move to the White House for Trump's signature.The Indian statement read that it had discussed the matter at high-levels with US interlocutors in recent months. Further, Delhi said it was determined to take all necessary measures to protect its trade and economic interests.Commerce Ministry data show India’s merchandise imports from Russia surged 56.69% year-on-year in April–August 2026-27, to $41.44 billion from $26.45 billion, led by petroleum, fertilisers and vegetable oils. Shipping data put Russia’s share of India’s crude basket at around 56% in July and about 45% in August.New Delhi's imports of Russian crude have become all the more critical due to the security situation around the Strait of Hormuz, from where Delhi sourced around 40% of its crude till February.
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India Firm on Protecting its Energy Security, Warns US About Impact on Ties
The US House of Representatives on Thursday passed a Russia-Iran sanctions bill that could hit India and China, the top buyers of Russian oil.
India’s Ministry of External Affairs (MEA) said on Thursday that it was "closely monitoring" the developments in the wake of the U.S. House passing the Sanctioning Russia and Iran Act, which seeks to hand over President Donald Trump the authority to impose 100% tariff on top 5 buyers of Russian oil and gas.
The bill was passed in the US Congress by a bipartisan majority of 262-159. The US Senate cleared the bill on 7 August. The bill is now expected to move to the White House for Trump's signature.
“As stated on several earlier occasions, India remains firmly committed to ensuring energy security for its 1.4 billion people. It will continue to do so through diversified sourcing and on the basis of evolving market dynamics,” MEA said in a statement.
The Indian statement read that it had discussed the matter at high-levels with US interlocutors in recent months.
“Its potential implications for not just the bilateral relationship but also the international energy market have been very clearly articulated by the Indian side,” MEA said.
Further, Delhi said it was determined to take all necessary measures to protect its trade and economic interests.
“Government will work closely with Indian trade and industry bodies to deal with the implications of these developments,” MEA said.
Commerce Ministry data show India’s merchandise imports from Russia surged 56.69% year-on-year in April–August 2026-27, to $41.44 billion from $26.45 billion, led by petroleum, fertilisers and vegetable oils. Shipping data put Russia’s share of India’s crude basket at around 56% in July and about 45% in August.
New Delhi's imports of Russian crude have become all the more critical due to the security situation around the Strait of Hormuz, from where Delhi sourced around 40% of its crude till February.
