16-July-2026
Economy News
 
US cuts tariff threat on India from 500% to 100% under revised Russia sanctions bill
15-Jul-2026

A group of Republican and Democratic senators in the United States has introduced a revised Russia sanctions bill that reduces the proposed tariff on countries buying Russian energy, including India and China. The new version lowers the earlier proposed tariff of 500% to a maximum of 100% and limits it to the five biggest buyers of Russian oil and natural gas. The updated bill is being seen as a tribute to late Senator Lindsey Graham, who had strongly pushed for tougher action against Russia.

News Source:- https://www.financialexpress.com/business/news/india-to-face-up-to-100-us-tariffs-under-revised-russia-sanctions-bill/4291867/?ref=hometop_hp