Synopsis A US Senate bill imposing tariffs on Russian oil buyers faces hurdles. India’s energy supplies remain secure due to diversified import strategies. New Delhi has increased diplomatic efforts to secure alternative oil and gas sources. Traditional West Asian suppliers can easily meet India’s short-haul tanker delivery needs. Long-term commitments can foster energy infrastructure investments in Africa and South America. A bill passed by overwhelming majority in the US Senate to impose 100% tariffs on the top 5 buyers of Russian oil doesn’t pose an immediate disruption to India’s energy supplies. The bill is still some way from becoming law,…
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