India on Thursday said it was monitoring developments after the US Congress passed the Sanctioning Russia and Iran Act, while making it clear that its energy security priorities would continue to guide its crude sourcing decisions.
The Minitry of External Affairs said India remained committed to ensuring energy security for its 1.4 billion people and would continue to diversify its sources of supply based on changing market conditions.
The response comes after the US House of Representatives passed legislation authorising President Donald Trump to impose tariffs of up to 100% on countries, including India and China, that buy Russian oil and gas. The legislation now awaits Trump's signature.
Also Read: 100% tariffs on India? US House passes bill authorising new duties on Russia oil buyers
“India remains firmly committed to ensuring energy security for its 1.4 billion people. It will continue to do so through diversified sourcing and on the basis of evolving market dynamics,” the government said.
