India's Energy Dilemma: Balancing Trade Ties and Dependence on Russian Oil The latest development in the ongoing trade tensions between the US and India specifically, the proposed tariffs targeting countries that buy Russian oil highlights the complex web of interests at play in global energy markets.
For months, India has been walking a fine line, trying to balance its relationships with both the US and Russia while meeting its own energy needs.
The US House of Representatives has passed legislation authorizing President Donald Trump to impose tariffs of up to 100% on countries that continue significant purchases of Russian energy.