US tariff threat poses challenge, but India’s interests come first: FM Sitharaman
Finance Minister Nirmala Sitharaman said India would remain practical in sourcing crude oil and keep national interests paramount after the US enacted a law allowing tariffs of up to 100 per cent on major buyers of Russian energy. She said energy security would be the government’s primary consideration, citing refinery compatibility and limited global supply, and added that foreign investors remained confident in India.
Why it matters: This matters for energy security because India’s crude-sourcing decisions are shaped by refinery compatibility and global supply constraints, not only by the US tariff threat.