On Thursday, India’s Ministry of External Affairs reiterated the country’s strong commitment to maintaining energy security for its citizens. This statement follows the passage of a Russia sanctions bill by the US Congress on Wednesday, highlighting the ongoing geopolitical tensions surrounding energy supplies.
Amid a threat of 100 per cent tariffs by the US, India said it will continue to ensure energy security for its 1.4 billion people through diversified sourcing and based on evolving market dynamics.
Taking a note of the passage of the Sanctioning Russia and Iran Act, the ministry said it was monitoring developments on the matter. The ministry said the issue has been discussed at high levels in recent months with various US interlocutors. India has “clearly articulated” the potential implications for not just the bilateral relationship but also the international energy market.
India Vows to Safeguard Trade Interests Amidst Economic Challenges
India has reiterated its commitment to protect its trade and economic interests in light of recent developments. The government plans to collaborate closely with Indian trade and industry bodies to navigate the implications of these changes. A statement from officials emphasized the proactive measures that will be taken to ensure stability in the economic landscape.
