10-January-2026
Economy News
 
India faces sanctions & 500% tariffs? ‘Severe’ warning hidden in Trump’s Bipartisan Bill
08-Jan-2026

US President Donald Trump has backed a bipartisan sanctions bill that could allow Washington to impose steep trade penalties on countries continuing to buy Russian energy, including India. Republican Senator Lindsey Graham said the legislation was cleared after he met Trump on Wednesday and could be taken up in Congress as early as next week. The bill, S.1241 — the Sanctioning Russia Act of 2025, introduced by Graham and Democratic Senator Richard Blumenthal, seeks to target both Russia and countries that, according to the sponsors, are helping sustain Moscow’s economy by purchasing discounted Russian oil and other energy products.

News Source:- https://www.financialexpress.com/world-news/us-news/trump-renews-pressure-on-india-backs-bipartisan-bill-to-punish-nations-buying-russian-oil/4100668/?ref=hometop_hp