US Sanctions Bill Targets Russian Oil Buyers | India & China Face Up To 100% Tariff Threat
The US Senate has passed a new Russia-Iran sanctions bill that could empower President Donald Trump to impose tariffs of up to 100% on goods
The US Senate has passed a new Russia-Iran sanctions bill that could empower President Donald Trump to impose tariffs of up to 100% on goods from countries that continue to purchase Russian oil and gas. Major buyers such as India and China could face significant economic pressure if the measure becomes law and is implemented.
The development comes as global energy markets remain sensitive to disruptions around the Strait of Hormuz, while India continues to diversify its energy imports across multiple suppliers. The bill still faces further legislative steps before any such tariffs could be implemented. Watch the full report for the latest developments and what the proposed US measures could mean for India, China, Russia and global energy markets.
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