US House passes Russia sanctions bill that could hit India with 100% tariffs
The US House of Representatives has passed a sanctions bill targeting Russian officials and the country's energy sector. The legislation grants President Trump the authority to impose steep tariffs on major purchasers of Russian oil. India, which has significantly increased its Russian energy imports, could face tariffs as high as 100 percent on its goods. The bill also expands existing sanctions against Russia and extends measures targeting Iran by five years. It now awaits President Trump's signature to become law.
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