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The Economic Times

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India watches as US bill targets buyers of Russian oil selectively

India monitors a US bill proposing 100% tariffs on Russian oil imports. This legislation exempts European Union LNG and US uranium purchases from Moscow. The bill could negatively impact ongoing trade deal negotiations between India and the United States. India defends its discounted Russian crude purchases for energy security and price stability. New Delhi has taken strong note of this proposed legislation's introduction.

17 Jul 2026 11:55 pm