The US has softened its stance on imposing a 500% tariff on Russian oil, offering relief to major importers like India and China amid global energy concerns.
The amended bill reduces the maximum tariff to 100%
Jul 15, 2026
09:38 am
What's the storyUnited States lawmakers have introduced a revised version of the Russia sanctions bill.
The new proposal, which was first introduced by late Republican Senator Lindsey Graham and Democratic Senator Richard Blumenthal, reduces the previous 500% tariff on Russian energy imports for countries like India and China.
US senators on Tuesday unveiled a revised version of a Russia sanctions bill that seeks to pressure Moscow and its major energy…
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The final rate of the tariff will be determined after deliberations from the United States Trade Representative. | India News
Donald Trump says there is a ‘good chance’ that this bill passes
