US 100% Tariff Threat Over Russian Oil Purchases Could Affect India
The United States is considering new measures that could increase trade pressure on countries continuing to purchase Russian oil and gas. India has been named in a proposed amendment to a Russia sanctions bill that could allow the US president to impose tariffs of up to 100% on selected countries. The development comes as the US House of Representatives moves forward with the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. The Senate passed the legislation in August, and the House has now cleared a procedural vote to advance it. Why India Has Been Included India has remained a major buyer of Russian crude oil, particularly after changes in global energy markets following Russia's invasion of Ukraine. Indian refiners have purchased Russian crude at competitive prices as part of their energy-supply strategy. A proposed House amendment would specifically name India, China and several other countries as potentially eligible for secondary tariffs of up to 100%. However, the p...