'Not A Sticking Point': 100% Tariff On Russian Oil Buyers Won't Derail India-US Trade Talks, Says Official
'Not A Sticking Point': 100% Tariff On Russian Oil Buyers Won't Derail India-US Trade Talks, Says Official Published By, Last Updated: July 16, 2026, 09:19
'Not A Sticking Point': 100% Tariff On Russian Oil Buyers Won't Derail India-US Trade Talks, Says Official Published By, Last Updated: July 16, 2026, 09:19 IST The bill, introduced in the US Senate, proposes tariffs of up to 100 per cent on the top five buyers of Russian oil and gas, a list that includes India Rapid Read Prime Minister Narendra Modi with US President Donald Trump. (AFP) A proposed US bill seeking to impose 100 per cent tariffs on countries that continue importing Russian oil is unlikely to complicate the ongoing India-US trade negotiations, with both sides remaining focused on concluding a bilateral trade agreement, a Moneycontrol report said, citing an official. According to the report, the official said the proposed legislation is not a sticking point in the negotiations and that discussions between New Delhi and Washington are continuing as planned. “In our negotiations, this has not been a sticking point. A framework for a deal was announced in February and immediately after that additional 25 percent tariffs tied to Russian oil were removed," the source said. The bill, introduced in the US Senate, proposes tariffs of up to 100 per cent on the top five buyers of Russian oil and gas, a list that includes India.
It is part of a broader package aimed at increasing economic pressure on Russia over the war in Ukraine. However, the official quoted by Moneycontrol said the proposed measure is separate from the ongoing trade negotiations and is not expected to derail talks on the bilateral trade pact. Both countries, the report said, remain committed to advancing the agreement. The report noted that while the proposed legislation has attracted attention because India is among the largest importers of Russian crude, officials do not expect it to become a major obstacle in the trade discussions. “We have full assurance from the US as far as adherence to the deal is concerned," the source told Moneycontrol, adding that India and the US were aligned on moving ahead with the agreement. The Controversial Bill Introduced on July 14 by a bipartisan group of US senators, the revised legislation would empower the US president to impose tariffs of up to 100 per cent on imports from the world’s five largest buyers of Russian oil and natural gas, a group that includes India and China. The proposal is aimed at ramping up economic pressure on Moscow over the war in Ukraine. The latest version is significantly softer than the earlier proposal, which envisaged 500 percent tariffs on countries buying Russian energy.
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