Trump Eases Russia Oil Curbs Despite 100% Tariff Threat; Impact on India Explained

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US President Donald Trump has waived certain restrictions on Russian oil amid a threatened 100% tariff. The sanctions authority stems from the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which allows broad penalties on Russia and steep tariffs on major buyers of its oil and gas. China and India are among the countries that could be affected by these measures. India, one of the largest purchasers of Russian crude, had voiced concerns about the legislation. The move highlights the growing tension between US sanctions policy and the energy needs of major Asian economies.

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