US lawmakers have moved forward with a proposed 100% tariff targeting countries that continue to engage with Russia, putting India’s dependence on Russian oil under focus. Speaking to Business Today, Gaurang Shah of Geojit discusses the potential implications for India, the role of BRICS and the government’s stated priority of securing energy supplies at reasonable prices. He also weighs in on how much of the proposed tariff action could eventually materialise and how markets may respond as the details and final outcome emerge.
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