India said it is guided by the need for affordable energy for its 1.4 billion people in response to a proposed US bill seeking a 500% duty on countries continuing to purchase Russian oil. The MEA is monitoring the developments.
Responding to a proposed bill in the United States Congress that seeks to impose a 500 per cent duty on countries continuing to purchase Russian oil, India on Friday said it remains guided by the imperative of securing “affordable energy” for its 1.4 billion people amid evolving global market dynamics.
India Reiterates Stance on Energy Security
Reacting to the proposed legislation, Spokesperson of the Ministry of External Affairs (MEA), Randhir Jaiswal, said that New Delhi is aware of the bill and is closely monitoring developments. “We are aware of the proposed bill. We are closely following the developments,” Jaiswal said during a weekly press briefing.
Reiterating India’s long-standing position on energy sourcing, Jaiswal underlined that New Delhi’s decisions are driven by energy security needs and market realities. “Our position on the larger question of energy sourcing is well known. In this endeavour, we are guided by the evolving dynamics of the global market and by the imperative to secure affordable energy for our 1.4 billion people through diverse sources to meet the energy security needs,” the statement said.
US Sanctions Bill Gets Trump’s Nod
MEA’s reponse comes days after US Senator Lindsey Graham said that US President Donald Trump has given a green light to the bipartisan Russia Sanctions Bill, which would give leverage against India, China, and Brazil to stop them from purchasing Russian oil and punish the countries “fuelling Putin’s war machine”.
In a post on X on Wednesday, Graham said the move comes amid ongoing peace negotiations for Ukraine and hinted it would go to a bipartisan vote next week. “After a very productive meeting today with President Trump on a variety of issues, he greenlit the bipartisan Russia sanctions bill that I have been working on for months with Senator Blumenthal and many others. This will be well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent. This bill will allow President Trump to punish those countries who buy cheap Russian oil fueling Putin’s war machine,” Graham said in his post. “This bill would give President Trump tremendous leverage against countries like China, India and Brazil to incentivize them to stop buying the cheap Russian oil that provides the financing for Putin’s bloodbath against Ukraine. I look forward to a strong bipartisan vote, hopefully as early as next week,” he added.
Sanctioning of Russia Act 2025
As per the official website of the US Congress, the bill titled “Sanctioning of Russia Act 2025” seeks to impose several provisions, which include penalties on individuals and entities, including an increase of the rate of duty on all goods and services imported from Russia into the United States to at least 500 per cent relative to the value of such goods and services. (ANI)
(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)