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US Senate passes bill allowing 100% tariffs on Russian oil buyers, targeting India

The US Senate passed a bill that would allow tariffs of up to 100 percent on countries that buy Russian oil, singling out India among five target economies while sparing US allies in Europe. The legislation, which still needs further approval to become law, would give the president the power to impose the penalties on Russian crude buyers. India, a major importer of Russian oil, now faces uncertainty over its purchases, which have continued despite Western sanctions. The move comes about a year after the start of the penalty tariff cycle. If enacted this year, the measure could allow the US to hit India with tariffs again.

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