Washington, Aug. 8 -- The US Senate on Friday approved by 86 votes to 11 a bill that would authorise tariffs of up to 100% on countries buying Russian oil, gas and other exports, with India named as one of five target economies by the bill's sponsors even as US allies in Europe are spared for similar purchases.

The measure - known officially as the Lindsey O Graham Sanctioning Russia and Iran Act 2026 - sets a headline ceiling but leaves the actual rate to be set by the office of the US Trade Representative (USTR), and carries a presidential waiver requiring certification to Congress with reassessment every 180 days. The bill permits - but does not necessarily compel - the executive to act against the five named purchasers - China, India...