US Senate passes Russia Sanctions Bill ; could impose upto 100 % tariff on China , India for purchase of Russian crude

The United States Senate has passed a new sanctions bill targeting Russia that includes provisions potentially authorizing tariffs of up to 100% on nations that purchase Russian crude oil. The legislation specifically identifies major consumers of Russian energy, including China and India, as targets for these economic measures.

The passage of this bill introduces significant geopolitical tension regarding energy trade. For India, the potential implementation of these tariffs presents a challenge to its current energy procurement strategy, as the nation remains a major importer of Russian oil.