U.S. Senators unveil bill for 100% tariffs on India, four others for buying Russian oil
A bipartisan group of U.S. Senators has introduced legislation to impose 100% tariffs on five countries, including India and China, for purchasing Russian oil. The bill aims to use economic pressure as a geopolitical tool to punish nations that continue to finance Russia's war efforts.
Why it matters
This legislation represents a significant shift in U.S. foreign policy, marking the first time tariffs are explicitly proposed as a weapon to influence global geopolitical behavior regarding the Russia-Ukraine conflict.
A bipartisan group of U.S. Senators unveiled a bill that seeks to impose 100% tariffs on five countries, including India and China , for purchasing oil from Russia .
The bill, brokered by late Republican Senator Lindsey Graham , exempts 15 European nations that buy gas from Russia from the tariffs, arguing that the purchases amount to a fraction of their total requirement and the countries in question were taking steps to reduce dependence on Moscow.
Apart from India and China, other countries that will be hit by the tariffs are Slovakia , Hungary and Azerbaijan .
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