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US Bill Threatening 100% Tariffs on Russian Oil Buyers Worries India

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A proposed US legislation called the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 could allow the American president to impose tariffs of up to 100% on countries buying large quantities of Russian crude oil and natural gas. India, which has significantly increased its purchases of discounted Russian oil since the Ukraine conflict, stands to be directly affected by the bill. New Delhi has flagged the proposed law as a concern given its heavy reliance on Russian energy imports. However, Indian officials have described ongoing diplomatic talks with Washington over the matter as reassuring, suggesting some room for negotiation.

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