India diversifies energy sources amid US sanctions
India is focusing on diversifying its energy sources following the U.S. sanctions imposed on Russia and Iran, in order to ensure energy security for its 1.4 billion citizens. The Indian Ministry of External Affairs reaffirmed its commitment to safeguarding its economic and commercial interests, while closely monitoring developments. At the same time, the U.S. House of Representatives approved a bill that includes tariffs of up to 100% on countries purchasing Russian oil and gas. The legislation aims to target Russian energy and defense sectors, as well as extend sanctions on Iran until 2031.
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