India is closely watching a proposed US bill that could impose a 500% tariff on imports from nations buying Russian oil. External Affairs Minister S. Jaishankar, during his July 2 US visit, said India has conveyed its energy and security concerns to US lawmakers, including Senator Lindsey Graham. The bill, if passed, could affect India’s oil imports, which now heavily depend on Russia. The Quad also raised concerns over tensions in the South China Sea.

BulletsIn

• US bill proposes 500% tariff on nations importing Russian oil, gas, uranium
• India’s Russian oil share surged to 40–44% after Ukraine war began in 2022
• EAM Jaishankar confirms India is engaging with US lawmakers on issue
• India’s energy and security concerns conveyed to Senator Lindsey Graham
• Bill has 80+ Senate co-sponsors; Graham claims Trump is supportive
• Jaishankar: India will assess impact if bill becomes actionable
• Jaishankar visited US from June 30–July 2, met Secretary of State Rubio
• Quad flags rising tensions in South China Sea as serious concern
• Members urge peaceful resolution, oppose forceful status quo changes
• Joint statement criticizes aggressive maritime actions, interference in navigation