The United States has acknowledged India’s concerns about the potential impact of the proposed Sanctioning Russia and Iran Act on bilateral relations, but assured that it harbors “no hard feelings” over India’s response to the legislation. This proposed law could impose significant tariffs, up to 100%, on countries that are major purchasers of Russian energy, a category that includes India due to its substantial oil imports from Russia.
A senior official from the US State Department emphasized Washington’s understanding of India’s position, especially following criticisms from several US lawmakers regarding India’s energy purchases from Russia. The official highlighted that India’s response is recognized within the context of its energy security needs and ongoing global energy market dynamics.
India’s Ministry of External Affairs has expressed concerns over the legislation, noting potential challenges for the India-US relationship and broader energy markets. In response to these concerns, the proposed legislation includes a national security waiver, which allows the US president to exempt countries from certain measures. However, it remains unclear if India will receive such a waiver, as decisions will be based on national security considerations.
The issue was a topic of discussion during a meeting between India’s External Affairs Minister S. Jaishankar and US Secretary of State Marco Rubio. The US has indicated its willingness to support nations like India in diversifying their energy supplies, recognizing India’s significant energy requirements.
Additionally, the US official highlighted ongoing cooperation between the two nations through initiatives like the Quad, underscoring the strength of their partnership despite potential legislative hurdles. Secretary Rubio is also expected to visit India in October, signaling continued diplomatic engagement between the countries.