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India risks full tariff on Russian oil after US vote
India relies heavily on Russian oil, importing a significant portion at discounted prices due to disruptions caused by the Ukraine conflict. Recently, the US House passed legislation granting the president authority to impose up to a 100% tariff on countries purchasing Russian energy, including India and China, raising concerns about economic and geopolitical repercussions. India has emphasized its commitment to energy security and the potential costs of replacing Russian crude, while US sanctions threaten to impact Indian exports and trade relations.
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