India could be spared the full force of a proposed 100% US tariff on major buyers of Russian oil and gas if a bilateral trade deal is concluded before Washington moves to enforce the sanctions law, according to sources familiar with the discussions. The prospect has injected fresh uncertainty into India’s export outlook even as New Delhi weighs the economic and diplomatic costs of its energy ties with Moscow.
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"US Trade Deal May Shield India From 100% Tariff Risk Under Russian Sanctions Law, Sources Say"
India could be spared the full force of a proposed 100% US tariff on major buyers of Russian oil and gas if a bilateral trade deal is concluded before Washington moves to enforce the sanctions law, according to sources familiar with the discussions. The prospect has injected fresh uncertainty into India’s export outlook even as New Delhi weighs the economic and diplomatic costs of its energy ties with Moscow.
US Trade Deal May Shield India From 100% Tariff Risk Under Russian Sanctions Law, Sources Say
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (03:39 PM IST)•5 min read
India could be spared the full force of a proposed 100% US tariff on major buyers of Russian oil and gas if a bilateral trade deal is concluded before Washington moves to enforce the sanctions law, according to sources familiar with the discussions. The prospect has injected fresh uncertainty into India’s export outlook even as New Delhi weighs the economic and diplomatic costs of its energy ties with Moscow.
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