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US Senate clears Russia sanctions bill: India among top countries facing 100% tariffs
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The Indian Express
India is among the five countries that are set to be directly affected from the bipartisan bill.
(File Photo)US Senate on Tuesday cleared the Russia sanctions bill, which calls for up to 100% tariffs on the top five buyers of Russian oil and energy products.
India is among the five countries that are set to be directly affected by the bipartisan bill, authored by late Senator Lindsey Graham.
Apart from the sanctions on countries purchasing Russian oil and energy products, the legislation also calls for sanctions against Iran to limit its ability to sustain its wartime economy, according to The New York Times.
“We are proud to announce an agreement on legislation to stop purchasers of Russian oil and gas from fueling Putin’s war machine and to continue restricting the Iranian regime’s ability to support terrorism and build its nuclear program,” a joint statement of Republican and Democrat senators said.