US Senate passes Russia sanctions bill; India risks tariffs over Russian oil
India, Aug. 7 -- The US Senate on Friday passed a Russia sanctions bill that authorises tariffs of up to 100% on countries continuing significant purchases of Russian energy. The bill puts India among the nations that could face the measure if the legislation is enacted.
The bill is aimed at increasing economic pressure on Russia over its war in Ukraine by targeting not only Moscow but also countries that continue buying Russian oil and other energy products.
The legislation seeks to tighten economic pressure on Russia by expanding sanctions on Russian officials and increasing the cost for countries that continue trading in Russian energy.
One of its most significant provisions authorises tariffs of up to 100% on imports from countries...
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