US House Clears Russia Sanctions Bill; 100% Tariff Threat Looms Over India and China
The US House of Representatives has passed the Lindsey Graham Sanctioning Russia and Iran Act of 2026 by a vote of 262 to 159, sending the bill to President Donald Trump for final approval. The legislation targets Russia's energy sector and leadership, authorising tariffs of up to 100% on the top five importers of Russian crude oil and natural gas, placing major buyers like India and China at risk. Countries importing under 15% of Russia's gas exports while actively cutting purchases may seek exemptions. The bill further permits up to a 500% tariff on Russian goods entering the United States. With India importing nearly 85% of its oil requirement and navigating supply bottlenecks amid Middle East tensions, the move adds new friction to India-US trade talks as New Delhi evaluates long-term import diversification.




