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100% tariff threat over Russian oil could roil India-US ties
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 receives concessions for Russian natural gas imports, creating a double standard. India's Russian crude imports have significantly increased recently. Such sanctions may prove counterproductive for US foreign policy objectives.
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hindustantimes.com
New US bill proposes up to 100% tariffs on India for Russian oil purchase
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
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thehindu.com
U.S. Senators unveil bill for 100% tariffs on India, four others for buying Russian oil
U.S. Senators propose 100% tariffs on India and four nations buying Russian oil, aiming to penalize geopolitical adversaries.
