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US LNG EXPORTS AND TRADE SANCTIONS

Introduction

India has strategic ties with Iran and Russia. Both these countries are facing increasing trade sanctions from the United States of America. India has strategic stakes in Iran particularly the investment in Chhabbar Port and import of crude oil. India has a long-standing relationship with Russia and has been a buyer of defense equipment from them. Recent reports indicate that the US may consider secondary sanctions against India with the primary aim to deter India from defense purchases from Russia. India has signed several agreements for LNG imports from the USA. While specific impacts are not yet clear, the threat of such sanctions exist. This paper examines whether these LNG imports would be impacted due to these sanctions if imposed on India.

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