business ⛽ US bill threatens tariffs on India for Russian oil
The US House passed a bipartisan sanctions bill giving President Donald Trump power to impose up to 100% tariffs on nations like India for Russian energy imports. India stated it will take all necessary steps to protect its energy security and economic interests against this move. The bill was passed by the US Senate late Wednesday and is expected to become law soon. New Delhi has already informed Washington about the potential impact on bilateral ties and the global oil market. India plans to diversify its energy sources as Piyush Goyal travels to the US later this month. ⛽