India Risks 100% US Tariff as Senate Pushes Bill Targeting Russia Oil Buyers

The US Senate is advancing a bill that would impose 100% tariffs on countries purchasing Russian crude oil. India has significantly increased its imports of Russian oil, partly enabled by a US sanctions waiver that has since expired. Despite the lapse of that waiver, India has continued to source crude from Russia. The proposed legislation poses a direct economic threat to India, which relies on discounted Russian oil to meet its energy needs. If passed, the bill could force India to make difficult choices between energy affordability and its trade relationship with the United States.