Modi, Vance Discuss India-US Partnership, Sanctions
By ThePip Desk
PM Modi and US VP JD Vance discuss strengthening India-US ties and the impact of new US legislation targeting Russian oil buyers, including India.
Prime Minister Narendra Modi spoke with US Vice President JD Vance to discuss deepening the India-US Comprehensive Global Strategic Partnership across key areas. During the call, PM Modi also congratulated Vance and the Second Lady on the recent birth of their son.
Geopolitical Discussions and Strait of Hormuz
The conversation extended to broader geopolitical concerns, including Vice President Vance’s recent statements regarding efforts to ensure safe passage for commercial ships through the Strait of Hormuz.
Vance indicated ongoing discussions with Iran to maintain the maximum flow of oil through the strait, despite expressing distrust in Tehran’s commitments.
US Sanctions Bill Targets Russian Oil Buyers
Adding a layer of complexity to global energy dynamics, the US Senate recently passed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026.
This bipartisan bill grants the US President discretionary authority to impose significant tariffs on imports from major buyers of Russian crude oil or natural gas.
- The bill allows for tariffs of up to 100%.
- These tariffs can be applied to imports from the top five buyers of Russian crude oil or natural gas.
- The measure aims to escalate economic pressure on both Russia and Iran.
India’s Energy Strategy Amidst New Tariffs
India, being one of the largest global purchasers of Russian crude, faces direct implications from this recently passed legislation.
The bill seeks to compel energy-importing nations to choose between continuing discounted Russian energy purchases and maintaining access to the lucrative US market.
India has consistently maintained that its energy procurement strategy is solely driven by national interest, energy security, and the necessity to provide affordable and reliable energy to its citizens.
Following the 2022 Russia-Ukraine conflict, India increased its acquisition of discounted Russian crude to manage raw material costs and ensure domestic supplies amidst global market volatility.