🧐 India reviews US tariffs on Russian oil buyers
India is currently studying details of proposed US tariffs aimed at nations purchasing Russian oil. Union Commerce Minister Piyush Goyal confirmed this on Monday, following US House legislation intensifying economic pressure on Russia. The law authorizes up to 100% tariffs on countries like India and China, targeting reduced reliance on Russian energy. This move happens while India and the US negotiate a broader trade agreement, stressing New Delhi's economic interests. India maintains its Russian oil purchases are vital for securing affordable and reliable energy supplies.