Declared ‘waivers’ when convenient, US senators now target India with new Russia sanctions bill
US senators introduced a revised bill targeting buyers of Russian oil with tariffs up to 100% on exports from China, India, Slovakia, Hungary, and Azerbaijan.
The bill reduces the proposed tariff rate from 500% (originally proposed by the late Lindsey Graham) to 100%.
The bill previously allowed waivers for India and other countries when convenient, but now directly targets them.
The revised bill narrows tariff provisions specifically against the five largest Russian oil buyers.
The bill authorizes the US president to impose the tariffs, showing a shift in US policy towards India's oil purchases from Russia.
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