US tariff threat on Russian oil: Bill a concern for India, but ‘talks have been reassuring’

Aug 13, 2026 - 17:30
US tariff threat on Russian oil: Bill a concern for India, but ‘talks have been reassuring’

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The proposed Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 would empower the US President to levy tariffs of up to 100% on countries that purchase large volumes of crude oil and natural gas from Russia.

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