GTRI Evaluates Impact of Proposed US Russia Sanctions Bill on Indian Exports
New Delhi, Aug. 10 -- The US Senate's approval of a Russia sanctions bill could expose Indian exports to additional tariffs of up to 100 per cent if India continues importing Russian crude oil, think tank Global Trade Research Initiative (GTRI) said on Saturday.
The legislation, passed on August 7 with strong bipartisan support, seeks to penalise Russia and major buyers of its oil and gas, arguing that such trade contributes to the ongoing conflict in Ukraine. The bill, titled the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, now moves back to the House of Representatives for further consideration.
India Among Key Countries at Risk
Under the proposed law, US President Donald Trump would have the authority to impose tariffs...
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