Oil, Politics, and the Price of Pragmatism India's Prime Minister Narendra Modi has found himself caught between the economic benefits of Russian oil imports and the looming threat of US trade sanctions.
The stakes are high, with potential price rises ahead of crucial regional elections threatening to destabilize an already delicate energy policy.
The Indian government responded swiftly to the proposed US congressional bill, which would allow for tariffs of up to 100% on countries importing significant amounts of Russian oil.