What does Trump's tariff, sanctions waiver on Russian oil mean for India?

Oct 17, 2026 - 08:30
What does Trump's tariff, sanctions waiver on Russian oil mean for India?

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The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 gave Trump the authority to impose broad sanctions on Russia and levy steep tariffs on major buyers of Russian oil and gas, including China and India. One of the largest buyers of Russian crude, India was among the countries that expressed concerns about the legislation.

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