Business

    India issued a warning to Washington regarding the potential repercussions of proposed tariffs on nations importing Russian crude oil, emphasizing that such measures could strain bilateral relations and destabilize global commodity trade. This warning came shortly after the US House of Representatives passed the Sanctioning Russia and Iran Act of 2026, granting the US administration authority to impose tariffs up to 100 percent on key purchasers of Russian energy. India asserts its commitment to safeguarding energy security for its citizens while retaining flexibility in purchasing oil from international markets in response to market conditions.