The Indian government issued a statement regarding the law passed by the US Congress, which imposes sanctions against Russia and Iran. The government stated that it is closely monitoring the further developments in this area.
India also confirmed that ensuring energy security for more than one and a half billion of its citizens remains its top priority. To achieve this goal, the country will continue to purchase oil and gas from various nations, making decisions in accordance with changing market conditions. This clearly demonstrates that India will not change its energy policy under external pressure.
The statement noted that this issue has been discussed at a high level with several senior officials and representatives of the United States over the past few months. India clearly conveyed to the American side that such restrictions could affect not only bilateral relations between India and the US but also the global energy market. Thus, India warned the US about the potential global impact of this decision.
Furthermore, India fully defined its position: it will take all necessary steps to protect its trade and economic interests. The government also announced that it will cooperate with Indian trade and industrial organizations to overcome the possible consequences of adopting this law.