India warns US sanctions bill on Russian oil buyers may harm bilateral ties

Jin10 Data, September 17 — India has issued a warning that a U.S. bill imposing sanctions on buyers of Russian oil could damage Indo-U.S. relations and disrupt global energy markets, following the bill's passage in the House of Representatives.

In a statement, India's Ministry of External Affairs said it had discussed the issue at high levels with multiple counterparts on the U.S. side in recent months. The ministry clearly articulated the potential impact of the bill not only on bilateral ties but also on international energy markets.

This marks the first time India has publicly stated that the U.S. legislation could affect Indo-U.S. relations.

Legislative Background

• The U.S. Congress gave final approval to the bill after it easily passed the Senate last month.
• The bill grants President Trump new authority to impose tariffs on countries purchasing Russian petroleum products.
• The legislation has now been sent for the President's signature.
• A White House official said Trump plans to sign it within the next few days.

Potential Impact

These powers could subject the five largest buyers of Russian petroleum products — including India and U.S. ally Turkey — to broad new tariffs.

India's Position

India is currently the largest buyer of Russian seaborne crude. However, its refiners have already been seeking more diversified supplies from:

• The United States
• Brazil
• Canada
• Venezuela
• Africa