India Studying Details of US Tariffs on Russian Oil Buyers: Piyush Goyal
- India is examining potential U.S. tariffs on countries that buy Russian oil, Commerce Minister Piyush Goyal said.
- A recently approved U.S. law would allow President Donald Trump to impose tariffs of up to 100% on major buyers of Russian energy, including India and China.
- India’s Foreign Ministry said the government would protect the country’s trade and economic interests while pursuing a balanced trade relationship with the United States.
- Indian refiners are considering alternative supplies as potential U.S. tariffs create uncertainty, but replacing Russian crude could be difficult because of its large volume and strained global oil markets.
13 Articles
13 Articles
The Economic Times
Times of IndiaIndia studying details of US tariffs on Russian oil buyers: Piyush Goyal
India is examining details of potential US tariffs on Russian oil buyers, Piyush Goyal says. Washington is increasing pressure on nations still purchasing Russian energy resources. A new US law allows tariffs up to 100% on Russian oil and gas importers. Major buyers like India and China face potential higher duties on their US exports. The legislation takes effect within thirty days, impacting global energy trade.
China responds to the new US law: Beijing is not prepared to leave the issue of Russian oil to Washington
After Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 on September 18, China’s Ministry of Commerce issued an official response. The law allows the US president to impose so-called secondary tariffs of up to 100% on...
Some Indian refineries are considering reducing their purchases of Russian oil shipments and are currently reviewing contracts for November deliveries after a sweeping US sanctions bill was signed into law last week, increasing the risk of new punitive tariffs. India, the world's third-largest crude oil importer, purchased more than half of its imports from Russia during the period […]. The article "Indian Refineries to Reduce Russian Oil Purcha…
India Studying New US Law on Tariffs Against Russian Oil Buyers, Says Piyush Goyal
New Delhi, September 21, 2026 (Yes Punjab News) India will first examine the details of a new US law that allows tariffs of up to 100 per cent on countries continuing to buy Russian oil and gas before discussing the matter at an appropriate time, Commerce and Industry Minister Piyush Goyal said on Monday. Responding […]
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