U.S. House passes Russia sanctions bill seeking to impose up to 100% tariffs on India, others

The U.S. House of Representatives has passed a sanctions bill targeting Russia’s energy sector, which grants President Donald Trump the authority to impose tariffs of up to 100% on nations that continue to purchase Russian oil. The legislation now moves to the President for his signature. The bill is designed to intensify economic pressure on Moscow by penalizing its primary energy buyers, specifically identifying India and China as significant targets of the new measures.

The potential implementation of these tariffs poses a significant economic challenge for countries reliant on Russian energy imports. The timing of the bill's passage coincides with upcoming high-level diplomatic engagements, including a scheduled bilateral summit between President Trump and Chinese President Xi Jinping in Washington.