India Reacts to US Bill on Russian Oil Tariffs: "Our Position on Energy is Well Known"

• India is closely monitoring the US bill proposing up to 500% tariffs on major buyers of Russian crude oil.
• Ministry of External Affairs spokesperson Randhir Jaiswal stated India's energy strategy prioritizes affordable prices for its 1.4 billion people.
• The Modi government maintains its stance on purchasing Russian oil, citing national interest and global market conditions.
• Republican Senator Lindsey Graham confirmed Trump's approval for the bipartisan sanctions bill targeting countries like India, China, and Brazil.
• India's imports of Russian oil are expected to fall to a three-year low amid potential US tariffs and tighter sanctions.

Why It Matters: India defends its Russian oil purchases, prioritizing national energy security and affordability amidst US tariff proposals.