US House Moves Russia Bill That Could Hit India with 100% Tariffs
What Happened
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 cleared a key procedural vote in the US House of Representatives by 214-211, moving closer to a final vote. The bill would authorize Donald Trump to impose tariffs of up to 100% on major buyers of Russian oil and gas, with India identified among the countries that could be affected. The legislation has already passed the US Senate by an 86-11 margin.
Key Takeaways
If approved by the House and signed into law, the bill would give the US president broad powers to levy steep tariffs on countries continuing to purchase Russian energy. For India, one of the largest buyers of Russian crude, the proposal could create fresh trade tensions even as New Delhi seeks to balance energy security needs with its strategic ties to Washington.