None
EN
World News | PM Modi and President Trump Will Work out Russian-oil Related 100 Per Cent Tariff Issue: Senior US Official
[]
Latest News | Breaking News LIVE | Today’s Headlines | Current Affairs | Information From India & Around The World at Latestly.com
Under the provisions, the US president would be granted discretionary authority to impose tariffs of up to 100% on imports from the world's top five buyers of Russian crude oil or natural gas.
Beyond targeting foreign energy buyers, the legislation outlines fresh sanctions against Russian President Vladimir Putin, senior political and military officials, financial institutions, energy developments and connected entities linked to Russia's war effort.
The legislation empowers the US president to enforce tariffs of up to 100% on goods imported from the top five purchasers of Russian oil or natural gas.
India remains one of the largest buyers of Russian crude globally, alongside China.
The measure seeks to present energy-importing nations with a choice between continuing to purchase discounted Russian energy or retaining access to the lucrative US market.