US Senate approves legislation potentially placing 100% tariffs on India over Russian oil imports
The United States Senate has greenlit a measure designed to pressure Russia and its primary energy customers. This legislation grants President Donald Trump the authority to levy 100% tariffs on products from nations ranked as the top five importers of Russian oil and gas, a list that includes India, China, Hungary, Slovakia, and Azerbaijan. Additionally, the bill introduces penalties for businesses involved in funding Iran's energy industry.