India Among Nations at Risk Under New U.S. Russia Sanctions Push
What Happened
The U.S. Senate approved the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by an 86-11 vote. The bill aims to increase pressure on Russia over the Ukraine war and would authorize the U.S. President to impose tariffs of up to 100% on imports from countries that remain among the largest buyers of Russian oil and gas. Countries identified in reports include India, China, Azerbaijan, Hungary, and Slovakia. The legislation must still pass the U.S. House of Representatives before becoming law.
Key Takeaways
No tariff has been imposed yet. If the bill eventually becomes law and tariffs are imposed, it could affect trade flows and add a new dimension to India-U.S. economic relations.