India vows to protect interests, as US clears bill to punish Russian oil buyers
New Delhi, Sept. 18 -- India will take all necessary steps to safeguard its energy security and economic interests, the government said on Thursday, stressing that it had apprised Washington of the likely impact the proposed US law targeting Russian energy-importing countries could have on bilateral ties and the global oil market.
The development comes as crude oil prices topped the $100 a barrel level amid the prolonged West Asia conflict, adding to concerns for India, which imports about 90% of its crude oil, more than a third of it from Russia.
The US House of Representatives late Wednesday passed a bipartisan sanctions bill targeting Russia over the Ukraine war, giving President Donald Trump the power to slap up to 100% tariffs on c...
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