India is closely tracking a bipartisan bill introduced in the US Senate that proposes imposing tariffs of up to 100% on countries continuing to purchase Russian energy.
The Ministry of External Affairs confirmed it is engaging with relevant stakeholders as the legislation moves through the legislative process.
The proposed measure aims to penalize nations that maintain energy ties with Moscow, with India and four other countries specifically targeted.
The bill represents a significant escalation in US efforts to isolate Russian energy exports, potentially disrupting established supply chains and trade relationships.
For India, a major importer of discounted Russian crude, the legislation poses a direct challenge to its energy security strategy.
The country has relied heavily on Russian oil to manage inflation and reduce import costs since the onset of the Ukraine conflict.