The record
Written from the 1 report below. Nothing here is unsourced.
- India is raising concerns regarding potential US legislation that would impose heavy tariffs on countries purchasing oil from Russia.
- While India and the US aim to increase their annual trade volume to $500 billion, these potential sanctions could delay a long-negotiated bilateral trade agreement.
- The Indian government has emphasized its commitment to protecting its economic interests while monitoring the situation.
What to watch next
- Final outcome of US legislation regarding oil-related tariffs
- Progression of the bilateral trade agreement negotiations
- Impact on the $500 billion annual trade target
Who said what2
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Randhir Jaiswal
MEA spokesperson
2 quotes · 1 outlet
“We have made clear our determination to take all necessary measures to protect our trade and economic interest... govt will work closely with Indian trade and industry bodies to deal with the implications of developments related to the legislation”
In the article
…trade framework earlier this year but the latest legislation passed by the House to squeeze Russia's energy revenue, with prior approval from the Senate, can potentially further delay a comprehensive final agreement. " We have made clear our determination to take all necessary measures to protect our trade and economic interest... govt will work closely with Indian trade and industry bodies to deal with the implications of developments related to the legislation ," said MEA spokesperson Randhir Jaiswal. "Our interest in a balanced and mutually beneficial trade relationship with US needs no repetition." Taking note of the passage of the Sanctioning Russia and Iran Act in the US…
“Our interest in a balanced and mutually beneficial trade relationship with US needs no repetition.”
In the article
…protect our trade and economic interest... govt will work closely with Indian trade and industry bodies to deal with the implications of developments related to the legislation," said MEA spokesperson Randhir Jaiswal. " Our interest in a balanced and mutually beneficial trade relationship with US needs no repetition. " Taking note of the passage of the Sanctioning Russia and Iran Act in the US Congress that authorises the US president to impose up to 100% punitive tariffs on goods imported from top five purchasers of Russian oil,…
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Named India · United States · Ministry of External Affairs · Randhir Jaiswal · US Congress
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