US Russia sanctions bill: The proposed 100% tariff and what it could mean for India
A revised US sanctions bill proposes tariffs of up to 100% on the top five buyers of Russian oil, raising concerns for India, the second-largest importer of Russian crude. This modification follows the death of Senator Lindsey Graham and aims to limit Russia's oil revenue, though the bill's passage remains uncertain after previous attempts stalled. The potential tariffs could significantly impact India's energy security and ongoing trade negotiations with the US.