How US bill proposing 100% tariffs over Russian oil purchase could hurt India

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India is among five target economies by the bill’s sponsors even as US allies in Europe are spared for similar purchases. This sweeping sanctions legislation has been authored by late Senator Lindsey Graham and was moved in the Senate late last month. The bill now moves to the House of Representatives, where Republicans control the floor calendar and where its passage in identical form is the last hurdle before it reaches President Donald Trump for signature. Trump, whose officials helped shape the softened text now before Congress, has signalled support for House passage. Also read: ‘America shooting itself in the…

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