The Indian Ministry of External Affairs has formally responded to the US Congress passing the Sanctioning Russia and Iran Act of 2026. This legislation could impose tariffs as high as 100% on imports from nations that continue purchasing Russian crude oil or natural gas. New Delhi stated it is actively monitoring the situation and remains dedicated to securing energy supplies for its population through diverse sources. Indian officials have communicated the potential negative impacts on bilateral relations and global energy markets to their American counterparts. The government intends to collaborate with domestic industry stakeholders to mitigate the consequences of these trade measures. While the bill awaits the President's signature, analysts note that the specific economic impact will depend on the final implementation details, product scope, and the timeline established by the United States.
Source : Livemint
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