India FACES 500% U.S Tariff Sanction After Four Senators Write To Trump Over Russian Oil Purchase

A bipartisan group of U.S. senators says it has reached an agreement with the Trump administration to advance updated sanctions legislation targeting Russia and countries purchasing Russian energy. Senators Lindsey Graham, Roger Wicker, Richard Blumenthal and Jeanne Shaheen say the measure aims to impose heavy economic costs on buyers of Russian oil and natural gas, arguing that energy revenues help finance Moscow’s war in Ukraine. The development could have major implications for India. An earlier version of the Sanctioning Russia Act included provisions allowing tariffs of up to 500 percent on imports from countries buying Russian-origin energy products.