100% tariff threat over oil buys: India in US-Russia crosshairs? Panel debates

In an interview, Union Minister for Parliamentary Affairs and Minority Affairs Kiren Rijiju discussed his long-standing professional association with Prime Minister Narendra Modi. Rijiju reflected on first meeting Modi in 1999 when both were handling party organizational responsibilities, highlighting Modi's emphasis on disciplined, time-bound execution with perfection. Rijiju stated, 'Modi Ji has transformed my own working system, my own way of looking at things.' He shared insights into Modi's hands-on governance style since 2014, noting how closely the Prime Minister tracked ministerial performance and follow-ups. Rijiju explained that Modi's electoral success and enduring popularity stem from having a coherent long-term vision, connecting every policy step, and leading a cohesive coalition under the banner of inclusive development.

A special broadcast reviews the political journey of the Prime Minister from selling tea at Vadnagar railway station in Gujarat to leading the nation for over twelve consecutive years. The report outlines major governance initiatives undertaken during this tenure, including Jan Dhan, Swachh Bharat, UPI, and Ayushman Bharat. It further highlights the roadmap focused on self-reliance through Atmanirbhar Bharat, alongside long-term national development goals set for Viksit Bharat by 2047.

In this India First panel discussion, former NSDC CEO Jayant Krishna, former US Assistant Secretary Raymond Vickery Jr., and Sandip Unnithan analyse the ramifications of potential US tariffs on Indian crude oil imports from Russia. Jayant Krishna noted that 'India has a Hobson's choice' given the closure of key shipping routes through the Strait of Hormuz and supply disruptions from other regional suppliers. The discussion outlines how energy demand and rising global oil prices compel India to prioritise economic stability and national interest, while exploring the wider repercussions for bilateral trade agreements and strategic ties between New Delhi and Washington.

The United States House of Representatives has passed a new sanctions legislation empowering the US President to impose tariffs of up to 100 percent on major buyers of Russian oil and gas, placing countries such as India and China directly in the line of fire. Cleared by a vote of 262 to 159, the bill targets Russia's energy sector, leadership, and shadow fleet, while authorizing steep tariffs on the five largest importers of Russian energy. The legislation, which previously cleared the Senate, now awaits presidential signature. In response, India stated it is closely monitoring developments and affirmed its commitment to securing energy for its 1.4 billion citizens through diversified sources. New Delhi flagged the potential impact on bilateral relations and global energy markets, maintaining that it will take all necessary measures to protect national economic interests. Meanwhile, domestic stock markets showed resilience as the benchmark index gained in trade following the announcement.