US EditionUS Senator Drops Bombshell: 'Russia Sanctions Bill Will Impose Bone-Crushing Penalties on India for Buying Russian Oil'
UNITED STATES, JUL 10 – The proposed 500% tariff targets major Russian energy importers like India and China to cut Kremlin revenue and pressure Putin to end the Ukraine conflict, lawmakers said.
- On Tuesday, President Donald Trump said he is strongly considering supporting the Sanctioning Russia Act of 2025, introduced in April by Senators Lindsey Graham and Richard Blumenthal, that would impose a 500% tariff on countries importing Russian energy.
- In the wake of continued Russian attacks, Trump recently expressed increasing frustration with Putin for prolonging the Ukraine conflict, influencing reconsideration of sanctions.
- Experts note that imposing a 500% tariff raises legal and economic concerns, with analysts warning it could require over 10% global supply reduction and push prices above $120.
- Amid diplomatic pushback, China’s Ministry of Commerce condemned 'extraterritorial tariffs' as WTO violations, while India rejected outside pressures on Moscow, citing discounted Russian oil as a strategic stabilizer.
- Potentially, moderate Republicans, business leaders, and progressive Democrats warn the measure could fracture alliances and bolster blocs like BRICS, and analysts believe China would retaliate with its own tariffs or deepen economic ties with Russia.
19 Articles
19 Articles
Trump ready to back new Russia sanctions bill
The legislation contains a 500% tariff on nations trading with Moscow... US President Donald Trump is ready to sign a bill aimed at eliminating Russia's trade under certain conditions, Politico reported on Wednesday, citing a senior administration official. If adopted, the "bone-crushing" legislation spearheaded by hawkish Senator Lindsey Graham would impose a 500% tariff on countries buying oil, gas, uranium, and other goods from Russia. Althou…
Trump has recently openly expressed his displeasure with Putin over the Ukraine war. Now he has indicated that he is seriously considering a proposal to impose a 500% tariff (import duty) on countries such as India and China that buy energy products such as oil, gas or uranium from Russia.
Trump Weighs 500% Tariff on Russian Oil, Possible Global Embargo
US President Donald Trump is seriously considering a dramatic expansion of sanctions targeting Russian oil exports, including a global 500% tariff on Russian crude, according to a report by The Times on July 11. The report states that Trump is now “closely studying” a bill that would introduce a 500% tariff on Russian oil imports, targeting not only Russia but also nations such as China, India, and Turkey that continue to purchase its energy res…
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