**EDS: THIRD PARTY** In this screenshot from a video posted on Oct. 3, 2025, Ministry of External Affairs Spokesperson Randhir Jaiswal addresses a press conference, in New Delhi. (@MEAIndia/X via PTI Photo)(PTI10_03_2025_000255B)
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CNBC TV1809-01-2026, 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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