India faces 100% tariff as Russian sanctions bill makes headway

Key Topics in this News Article:
News Snapshot:

India has significantly ramped up its imports of discounted Russian crude since the Ukraine war started in 2022. The proposed legislation, if passed, could complicate these trade relations and add another layer to ongoing discussions between New Delhi and Washington. However, the bill is still far from becoming law, as it needs to pass both the Senate and the House of Representatives before reaching President Donald Trump’s desk for approval. The legislation, now called the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,” seeks to cut off funding to Russia’s war effort and curb Iran’s support for terrorism…

  • This field is for validation purposes and should be left unchanged.
  • Newsletter to Your Inbox

    China intelligence delivered each week!

  • This field is hidden when viewing the form