The proposed US Sanctioning Russia Act, which could impose tariffs on major buyers of Russian oil and gas, may have limited chances of becoming law. The bill could impact India and China, but political hurdles, waiver provisions and opposition within the Trump administration may slow its progress. India is advised to diversify energy sources and accelerate renewable energy adoption.

The proposed US Sanctioning Russia Act, which could impose tariffs on major buyers of Russian oil and gas, may have limited chances of becoming law. The bill could impact India…

The bill would, in particular, impose 100% tariffs on the five largest purchasers of Russian oil and natural gas, as well as on five countries allegedly helping Russia circumvent…