India Should Continue Buying Russian Crude To Protect Energy Security, Avoid US Trade Concessions Amid Tariff Threat: GTRI
New Delhi, Sept. 17 -- India should protect its energy security and continue buying Russian crude as long as it remains commercially competitive, while avoiding unilateral trade concessions to the US, the Global Trade Research Initiative (GTRI) said in a report.
The report comes after the US House of Representatives passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by 262-159 on September 16.
The legislation, which had earlier cleared the Senate 86-11, now goes to President Donald Trump. It authorises the President to impose tariffs of up to 100 per cent on the five largest purchasers of Russian oil or gas, potentially exposing major buyers such as India and China to higher duties.
India's Russian Oil Dependence Rise...
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