Speaking at the weekly media briefing in New Delhi on Thursday, MEA spokesperson Randhir Jaiswal said India is closely monitoring the developments but firmly reiterated its priorities.

The NATO chief had warned India, China and Brazil that they could be hit hard by secondary sanctions if they continue to do business with Russia.

Just weeks ago, concerns emerged in India over a proposed US Bill that would impose 500 per cent tariffs on countries trading with Russia. More recently, US President Donald Trump warned of “biting” secondary tariffs—up to 100 per cent—on purchasers of Russian exports unless a peace deal between Russia and Ukraine is reached within 50 days.