MEA ‘monitoring developments’ of Russia sanctions bill in U.S. Congress
India's Ministry of External Affairs (MEA) said it is monitoring a sanctions bill moving through the U.S. Congress. The bill, passed by the U.S. House of Representatives, would authorise the U.S. President to impose tariffs of up to 100% on India and other countries that purchase oil and gas from Russia. The MEA is tracking the legislation's progress closely.
Nabka Insight
US secondary-sanctions legislation affecting India's Russian energy imports is a live IR-economy issue.
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- The U.S. House of Representatives passed a Russia-linked sanctions bill.
- It authorises the U.S. President to impose tariffs of up to 100%.
- Targets countries buying Russian oil and gas, including India.
- India's MEA said it is monitoring developments.
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