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The new US law targets Russia’s energy, financial and defence networks and allows additional tariffs of up to 100% on goods from the largest buyers of Russian oil and gas. India faces significant exposure because of its large Russian crude imports, but a 100% tariff on Indian goods has not been impo
The House approved the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by 262-159 after the Senate passed it 86-11. The measure now awaits President Donald Trump’s signature and could subject major buyers of Russian oil or gas to additional US tariffs of up to 100%, although India and Chin
New Delhi says its oil sourcing will continue to be guided by energy security, market conditions and diversified supplies after the US Congress cleared legislation allowing President Donald Trump to impose tariffs of up to 100% on major buyers of Russian energy. The tariffs are not automatic, and th
The House voted 262-159 to approve the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 after the Senate backed it 86-11 in August. The bill targets Russian banks, energy, defence and its “shadow fleet” while creating secondary tariffs for major buyers of Russian oil and gas. It now goes to
