India Unlikely to Ditch Russian Oil Despite Trump's 100% Tariff Threat
7 Articles
7 Articles
Navigating the US tariff threat — India’s dual test on energy and exports
The US’ fresh tariff threat puts renewed pressure on India’s exports. The US House of Representatives has approved a Bill that could allow President Trump to levy tariffs up to 100 per cent on nations that purchase Russian energy, including India. The proposed 100 per cent tariff, not yet in effect pending the President’s signature, comes amid ongoing India-US trade negotiations with potential implications for India’s energy security and purchas…
Over the past few months, India has continued to purchase large quantities of Russian oil amid disruptions to its energy supply lines due to the conflict with Iran. However, India now faces a challenge that may force it to choose between continuing to buy oil and maintaining its exports to the United States. The passage of the “Lindsey Graham Russia and Iran Sanctions Act of 2026” by the US Congress grants President Donald Trump the authority to…
India Unlikely to Ditch Russian Oil Despite Trump's 100% Tariff Threat
India cannot and likely will not replace all the Russian crude oil it is importing despite the threat of 100% tariffs on its products in the United States, according to analysts. Earlier this month, U.S. President Donald Trump signed into law the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,” which authorizes and expands statutory sanctions, tariffs, and prohibitions on Russia and extends existing sanctions on Iran. The law allow…
Key takeaways Experts believe it is unlikely that India will abandon its dependence on Russian oil, even with the risk of heavy trade sanctions from the United States. Tariffs up to 100 percent This follows the entry into force of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, a law that by […]
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