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.

Graham introduces a tariffs bill targeting China and India for Russian oil purchases. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

The bill would impose tariffs of up to 100% on the top five buyers of Russian oil or natural gas, while granting the U.S. president authority to waive the sanctions "upon a…

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…

The US’ proposed bill to penalise buyers of Russian oil and gas supplies may complicate India’s quest for energy security

A US bill proposes tariffs on countries buying Russian oil, potentially impacting India. This move could damage India-US relations, especially during trade deal talks. Europe…