Tariffs as a Sword of Damocles: The Unintended Consequences of US Pressure on India's Energy Choices The US Senate bill granting President Trump authority to impose tariffs of up to 100% on countries buying Russian oil and gas has sent shockwaves across the globe, with India firmly in its crosshairs.
This development reflects a deeper concern about global energy market implications. India finds itself caught between strategic interests and economic realities.
New Delhi maintains that purchases of discounted Russian crude are guided by national interest and energy security considerations.