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‘1.4 Billion People First’: India vows to protect energy security
In Short
India asserts its commitment to national energy security after the US Congress passes a bill empowering tariffs on Russian energy buyers, monitoring impacts on bilateral trade.
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‘1.4 Billion People First’: India vows to protect energy security
New Delhi: 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 Ministry 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.
“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.
The government said the issue had been discussed at high levels with US interlocutors in recent months. It added that India had clearly conveyed the potential impact of the legislation on both bilateral ties and the international energy market. “India has also made clear its determination to take all necessary measures to protect its trade and economic interests,” it said.
