Will India Face 500% Tariff Shock for Buying Russian Oil? Jaishankar Responds Calmly

New Delhi (Delhi) [India], July 03: External Affairs Minister S Jaishankar shared India’s stand on the proposed US bill which threatens a steep 500 per cent tariff on nations buying oil from Russia. Speaking in Washington, he confirmed that India has raised its concerns with US Senator Lindsey Graham, who is behind the bill. The Indian embassy and ambassador are also in constant touch. Jaishankar explained that India’s interests in energy and national security have been clearly shared with US officials, and that decisions will be taken thoughtfully if the bill becomes a law.

What Does the US Tariff Bill Propose?

Senator Lindsey Graham’s bill suggests strict penalties on nations that keep doing business with Russia. The proposal includes harsh tariffs on oil and other energy imports. These measures are being pushed to discourage any support to Russia amid the Ukraine conflict. With 80 US senators reportedly backing the bill, it has gathered strong momentum. Jaishankar stated India is watching developments closely and will respond carefully. The proposed law also includes an exception for countries actively supporting Ukraine’s defence, which may shape future diplomatic decisions.

India's Stand on Russian Oil Trade

India continues to buy Russian oil based on its energy needs. Officials have repeated that decisions are guided by national interest. Oil imports from Russia have helped India maintain steady supplies at lower prices. It is especially after global rates rose during the Ukraine war. Jaishankar reminded that energy security is key for India’s growing economy. He said that New Delhi has always made its position clear. He also said that they are always responsible. The global tension are rising everyday. This is making it necessary for countries like India to engage in timely discussions with global partners.

US Politics and Global Pressure

The bill comes in a politically heated atmosphere in the US. Some Republican lawmakers have pushed for it, while others wait for former President Trump’s approval before moving it forward. Global politics can directly affect bilateral ties and trade flows. This proposal is showing this. It is known that India is not directly involved in the Russia-Ukraine conflict by any angle. But it finds itself under pressure because of its neutral energy policy. Jaishankar’s balanced and careful response reflects India's aim to manage diplomacy. It also reflects national interest together without sudden reactions.

India’s Way Forward

Jaishankar made it clear that India is not ignoring the US concerns. But they are also not rushing into any changes. He used the phrase “we will cross that bridge when we come to it” to let them know India's point of view. This is showing India's wait-and-watch approach. The Indian embassy is in regular contact with US officials. It is to ensure dialogue remains strong. India will likely keep pushing for peaceful solutions. It will also be protecting its right to affordable energy. With the world watching every move, how India handles this sensitive situation could impact its global role in the months ahead.