The Ministry of External Affairs affirmed on Thursday that New Delhi is maintaining continuous surveillance over legislative progress of the Sanctioning Russia and Iran Act in the United States Congress. The proposed measure, which cleared the House of Representatives, seeks to empower the American executive branch to impose tariffs reaching one hundred percent on foreign sovereign entities purchasing discounted petroleum from Moscow.
Official diplomatic spokespersons stated that India’s crude procurement decisions remain firmly anchored in national energy security imperatives and market-driven economic calculations. Indian refining conglomerates have served as vital stabilizing mechanisms for global fuel markets by processing diverse crude grades during sustained international supply constraints, preventing severe worldwide price shocks.
Bilateral economic channels and diplomatic representations in Washington have been activated to articulate New Delhi’s perspective before the bill moves to the Senate floor. Officials underscored that strategic partnerships between democratic nations should prioritize predictable commercial exchanges rather than extraterritorial punitive measures that risk destabilizing vital developing market economies.
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Sources:
https://www.thehindu.com/news/top-news-of-the-day-september-17-2026/article71476481.ece