India Today Report: US Senate Bill Proposes 100% Tariff On Russian Energy Buyers; India Concerned
A bill seeking to impose sanctions on Russia and Iran has cleared its first hurdle in the US Senate with 86 senators voting in favour
A bill seeking to impose sanctions on Russia and Iran has cleared its first hurdle in the US Senate with 86 senators voting in favour. The proposed legislation, known as the Lindsey Graham Act, would empower the US President to levy a 100% tariff on countries purchasing oil and energy from Russia or Iran.
The bill directly impacts major energy importers including India, China, Japan, and several European Union nations. India, which remains a primary buyer of Russian crude energy and maintains strategic diplomatic ties with Moscow, faces trade concerns over the proposed measure. While the bill has advanced its first stage, it must clear additional procedural hurdles in the US House of Representatives before becoming law.
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world! WhatsApp Channel
The BriefWire