After Senate, US House passes Russia sanctions bill; 100% tariff threat looms for India

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The bill when signed by Trump will give him the authority to levy duties of up to 100 per cent on major buyers of Russian energy The US House of Representatives on Wednesday passed a sweeping Russia sanctions bill that targets Russian officials, banks and the country’s energy trade, while giving President Donald Trump the power to impose tariffs of up to 100 per cent on major buyers of Russian oil and gas, including India. The ‘Lindsey O Graham Sanctioning Russia and Iran Act of 2026’ passed 262-159 and now heads to Trump, who is expected to sign it into…

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