ARTI BALINew Delhi, Aug. 8 -- India's carefully crafted ties with the United States and Russia came under intense pressure after the American Senate approved legislation that could expose countries buying Russian oil and gas to tariffs of up to 100 per cent, potentially placing New Delhi at the centre of a fresh economic and diplomatic confrontation.
Passed by 86-11 vote, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 gives President Donald Trump the power to impose punitive tariffs on major purchasers of Russian energy, with India, China, Azerbaijan, Hungary and Slovakia among the countries currently most exposed. The legislation also targets Russia's "shadow fleet" of tankers and extends the Iran Sanctions Act for another ...