US Senate moves forward with bill for 100% tariffs on nations buying Russian oil
The US Senate has voted to progress a Russia sanctions bill. If it becomes law, President Trump would have the authority to levy tariffs as high as 100% on countries that keep purchasing Russian oil and gas, a list that includes India. The legislation requires a final Senate vote before it can be sent to the House of Representatives. Currently, India ranks as the second-biggest importer of Russian crude, trailing only China.