100% tariff threat to India: US House advances Russia sanctions bill | What we know
The US House has advanced a bill that could allow President Donald Trump to impose 100% tariffs on countries buying Russian oil and gas, including India. The bill targets Russia's energy buyers and has already cleared the Senate.
The US House of Representatives has advanced a bill to impose 100% tariffs on India and four other countries, including China, Azerbaijan, Hungary, and Slovakia. The bill, known as the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, aims to punish Russia for its actions in Ukraine by targeting its primary energy buyers.
India, which is one of Russia's main oil and gas purchasers, has stated that it will consider its national interest, including availability of energy and global oil prices, when making decisions about future oil imports. The bill also seeks to impose sanctions on Russian officials, financial institutions, and President Vladimir Putin. After passing the Senate, the bill will be sent to US President Trump for final approval.
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