India warns new US tariffs over Russian oil could impact ties

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Published: 2026-09-17T13:02:30.733Z • Permanent link

India has issued a strong warning to the United States over new tariffs on Russian oil, stating that such a move could significantly impact the country's economic ties with Washington. The warning comes as tensions between the two nations remain high, with the US imposing sanctions on several Russian entities over its actions in Ukraine. The Indian government has expressed concerns that the tariffs could disrupt the global energy market, particularly in the Asia-Pacific region.

The warning was issued by Indian External Affairs Minister S Jaishankar, who met with his US counterpart Antony Blinken earlier this week. Jaishankar reportedly expressed concerns over the impact of the tariffs on India's energy imports from Russia, which are crucial for the country's economic growth. India has been a major importer of Russian oil, with the two countries signing a landmark deal in 2020 to supply Russian oil to India in exchange for Indian wheat and other agricultural products.

The US has imposed sanctions on several Russian entities, including energy companies, over its actions in Ukraine. The sanctions have led to a significant increase in oil prices, which could have a major impact on the global economy. India has been particularly affected, with oil prices rising by over 20% in the past month. The Indian government has been under pressure to reduce its dependence on Russian oil, but it remains a crucial component of the country's energy mix.

The impact of the US tariffs on Russian oil could be significant for the research community, which relies heavily on data from the energy sector. Companies such as Bloomberg and Reuters have reported that the tariffs could disrupt the global energy market, leading to increased volatility in oil prices. This could have a major impact on the accuracy of energy-related research, which is critical for policymakers and investors.

The Indian government's warning to the US has also highlighted the importance of the Asia-Pacific region in the global energy market. The region is home to several major energy producers, including India, China, and Indonesia, which are increasingly playing a significant role in the global energy mix. The impact of the US tariffs on Russian oil could have a major impact on the region's energy markets, leading to increased competition and volatility.

The warning from India comes as tensions between the US and Russia remain high. The two nations have been at odds over Russia's actions in Ukraine, with the US imposing sanctions on several Russian entities. The sanctions have led to a significant increase in oil prices, which could have a major impact on the global economy. The US has also been critical of Russia's energy sector, which it has accused of being involved in illicit activities.