‘There is no Lindsey Graham Bill in Europe’: Nirmala Sitharaman on Russian oil, trade talks
The Lindsey Graham Bill gives US president the authority to impose tariffs of up to 100% on goods from countries identified as major purchasers of Russian oil
Finance Minister Nirmala Sitharaman clarified on Monday that Europe does not have a comparable "Lindsey Graham Bill" to the United States in terms of pressuring India's Russian oil purchases. The US President Donald Trump signed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 last month, enabling the imposition of up to 100% tariffs on goods from major purchasers of Russian oil and gas.
India and China, significant buyers of Russian crude, could face such measures. Sitharaman emphasized that trade negotiations are becoming increasingly complex as countries prioritize supply chain protection and reduce vulnerability to disruptions. She noted that agreements within larger bodies, such as the European Union, must account for individual national interests.
The finance minister highlighted that bilateral trade talks, even within a larger body, are tailored to address national interests while navigating a challenging global environment where international trade laws are increasingly disregarded.
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