India is actively engaging the US Congress to address concerns over the newly enacted Sanctioning Russia and Iran Act (SRIA), which could impose up to 100% tariffs on countries purchasing Russian energy. Given India's 88% dependence on crude imports and Russia supplying nearly half of that, the legislation poses a direct threat to India's energy security and bilateral trade relations.
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1-Minute Revision
- ›Act Name: Lindsey O Graham Sanctioning Russia and Iran Act (SRIA) 2026
- ›Potential Tariff: Up to 100% on imports from countries buying Russian energy
- ›Target this Data: 100% potential tariff, 88% crude import dependence, Russia supplies nearly half of India's crude
- ›Target this Nodal Body: House Foreign Affairs Committee (US Congress) and Ministry of External Affairs (India)
- ›Target this Legal Point: Lindsey O Graham Sanctioning Russia and Iran Act (SRIA) 2026
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