India Watches US Bill Targeting Russian Oil Buyers

The U.S. Congress has introduced a bill that would sanction companies and individuals who purchase Russian oil, aiming to curb Russia’s war financing. The proposal requires firms to report transactions and could impose penalties for non-compliance. India, a major importer of Russian crude, is closely watching the legislation because it could alter its supply chain and affect domestic fuel prices. Indian officials have reached out to U.S. counterparts to clarify the bill’s implications and to seek assurances that India’s oil imports would not be unduly disrupted.