100% tariff threat looms over India as US senate passes Russia sanctions bill
- Posted on August 8, 2026
- By Business News Today
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- 1 min read
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100% tariff threat looms over India as US senate passes Russia sanctions bill
The US Senate passed a sanctions bill targeting Russia's energy sector. This legislation grants the President power to impose tariffs on major oil buyers. India and China are among the top five purchasers of Russian oil. The bill aims to reinforce support for Ukraine and pressure Russia. It now moves to the House of Representatives for consideration.
