U.S. lawmaker submits amendment naming India in Russia sanctions act
U.S. lawmakers have introduced amendments to a Russia sanctions bill that would explicitly name top trading partners, including India and China, as targets for potential tariffs. The bill aims to curb Russia's oil revenue, though some lawmakers are pushing to remove the tariff-granting authority.
Why it matters
The inclusion of major economies like India in U.S. sanctions legislation could significantly impact global trade relations and geopolitical alliances.
Racing against time, U.S. lawmakers submitted amendments to the Russia sanctions Bill , with one seeking to name its top trading partners — including India — in the legislation, and another proposing to scrap the section imposing tariffs altogether.
The Lindsey O Graham Sanctioning Russia and Iran Act , passed by the U.S. Senate by an overwhelming 86-11 vote last month, seeks to impose sanctions not only on Russia's leadership and energy sector but also on the "shadow fleet" of vessels that enable Moscow to evade sanctions on oil deliveries.
The U.S. believes that Russia's crude oil trade is funding the war against Ukraine. The Bill also seeks to authorise President Donald Trump to impose 100% tariffs on Russia's top oil trading partners, including China and India.
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