Trump signs Russia sanctions law allowing up to 100% tariffs on Russian oil buyers
- US President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act into law on Friday.
- The law allows the US to impose tariffs of up to 100% on countries buying Russian oil and gas, including India.
- India is among the five largest buyers of Russian crude and gas, making its exports to the US potentially vulnerable to the new tariffs.
- The law gives Trump discretion over whether to impose the tariffs and at what rate; it does not automatically impose a 100% duty on India.
Source: deccanchronicle.com
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