Brief by Shorts91 Newsdesk / 06:34am on 17 Jul 2026,Friday India Global
A bipartisan group of 60 US Senators has backed the Sanctioning Russia Act of 2026, proposing tariffs of up to 100% on India, China, Slovakia, Hungary and Azerbaijan for purchasing Russian oil or gas. Supported by President Donald Trump, the bill could pass before August and would authorize the US Trade Representative to determine tariff rates. The proposal includes exemptions for certain European countries reducing dependence on Russian gas and for US imports of low-enriched uranium. India's Russian crude imports surged 34% in June, making it Russia's second-largest buyer after China. The bill also allows the US President to waive tariffs if deemed in America's national interest. (PC: Inventiva)
