A bipartisan US Senate bill proposes sweeping sanctions against Russia's economy. This legislation could impose tariffs on countries buying significant amounts of Russian oil. India is named among five nations potentially facing these new trade penalties. The bill aims to discourage continued energy purchases from Russia. Its passage requires approval from both the Senate and the House of Representatives.

US senators on Tuesday unveiled a revised version of a Russia sanctions bill that seeks to pressure Moscow and its major energy buyers, including India and China, while easing…

The bill - which has been backed by the White House - could be passed before August and aims to cripple Russia’s revenues from its energy exports. | India News

US senators introduce a revised Russia sanctions bill targeting Russian officials and major buyers of Russian oil, including China and India.

US Senate unveiled a revised Russia sanctions bill with softened oil tariff penalties. Major buyers like India and China will face up to 100% tariffs instead of 500%. The…