The US Senate on Friday approved a bill that could allow President Donald Trump to impose tariffs of up to 100% on goods from countries such as India and China that continue to buy Russian oil and gas and other exports, arguing that such trade helps sustain Moscow's economy and fund its war in Ukraine.

US Senate approves tariffs on India over Russian oil purchases. Crude oil reaching a new all-time high by December 31 at 11.5% YES.

On August 5, 2025, US President Donald Trump announced 25% penal tariffs on India for its purchase of crude oil from Russia. One year later, India faces the prospect of up to 100%…