US Senate advances Russia sanctions bill that could trigger tariffs on India and China
The US Senate has advanced a sweeping Russia sanctions bill that could impose major tariffs on countries buying Russian oil, including India and China. The measure cleared an early hurdle in Washington by an 86-12 vote and now moves to the House of Representatives for further consideration. It is named the Lindsey O Graham Sanctioning Russia Act of 2026.The bill would expand pressure on Moscow by targeting the trade that helps sustain Russian energy exports. According to the supporting material, the proposal could trigger 100% tariffs on countries that continue to buy Russian oil. Ukrainian President Volodymyr Zelenskyy was in... [Continue Reading]
360LiveNews | 31 Jul 2026 08:02 LONDON
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US Senate clears Russia sanctions bill targeting oil buyers with tariffs
The US Senate has cleared legislation that would impose tariffs of up to 100% on the top five buyers of Russian oil and energy products. The move marks a further step in a long-stalled bipartisan effort to increase pressure on Moscow over the war in Ukraine. India is among the countries identified as directly affected by the proposal.The bill was authored by the late Senator Lindsey Graham and was advanced on the day of his Washington funeral, adding political weight to the vote. In a joint statement, Republican and Democratic senators said the agreement was intended to stop purchasers of... [Continue Reading]
360LiveNews | 29 Jul 2026 04:35 LONDON
