India Defies US Tariff Threat on Russian Oil, Rejects Blame for Stalled Trade Deal

India
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CNBC TV18•09-01-2026, 17:41
India Defies US Tariff Threat on Russian Oil, Rejects Blame for Stalled Trade Deal
- •India maintains its energy policy, continuing Russian oil imports despite a potential 500% US tariff.
- •US President Donald Trump backed a bill proposing a 500% tariff on countries buying Russian oil, including India and China.
- •MEA spokesperson Randhir Jaiswal stated India's commitment to securing affordable energy from diverse sources for its 1.4 billion people.
- •India currently faces a 50% tariff, including a 25% penalty, for Russian oil and defense products since August 27.
- •MEA refuted US Commerce Secretary Howard Lutnick's claim that PM Narendra Modi was responsible for the stalled US-India trade deal.
Why It Matters: India stands firm on its energy policy and rejects US blame for trade deal delays amid tariff threats.
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