US EditionWill India Have to Pay 500% Tariff for Purchasing Russian Oil?
The bipartisan Sanctioning Russia Act of 2025 allows tariffs up to 500% on Russian oil buyers like India and China to cut funding for Russia's military, lawmakers said.
- On Wednesday, US President Donald Trump greenlit the Sanctioning Russia Act of 2025, empowering him to impose up to 500 per cent tariffs on countries buying Russian energy.
- The measure aims to choke off Russian war financing and pressure India and China to reduce discounted Russian crude imports.
- It authorizes visa bans and asset freezes for key Russian individuals and requires the US Department of the Treasury to impose sanctions on Russian financial institutions.
- India could face sharply higher US import duties, risking export losses, factory slowdowns, and further straining India-US ties amid pressure from United States trade policymakers.
- Meanwhile, the EU remains reliant on Russian LNG, with the Yamal project generating �7.2 billion in 2025, while India and China together account for roughly 70 per cent of Russia's energy exports.
30 Articles
30 Articles
Geeta Mohan On India's Response To US Bill Threatening 500% Tariffs On Russian Oil Imports
On this Special Report, India Today’s Foreign Affairs Editor Geeta Mohan discusses the Ministry of External Affairs' response to a proposed US bill threatening 500% tariffs on nations importing Russian oil. The Indian government has asserted that its energy decisions are driven by market dynamics and the need to ensure the 'energy security of 1.4 billion Indians.' The report highlights the significance of the Lindsey Graham bill and the impendin…
The US Senate is considering a bill that foresees the introduction of tariffs of at least 500 percent on all goods to those countries that continue to buy Russian energy, and Serbia, although it is not in the text by name, could find itself under attack, because it continues to import Russian natural gas, the Nedeljnik.rs portal announced today.
Are 500% Tariffs on the Way?
(Washington, D.C.) – President Donald Trump has thrown his support behind new legislation that would dramatically escalate economic pressure on Russia by targeting countries that continue to buy its oil. The bipartisan bill, now moving through Congress, would require congressional approval to authorize tariffs of up to 500% on imports from nations that knowingly purchase Russian oil, gas, or other key energy products. Supporters say the measure …
Lindsey Graham: US Senator who once called Trump a jackass, now brings bill seeking 500% tariff on India
US President Donald Trump has greenlit a sanctions bill that could impose 500 per cent tariffs on countries purchasing Russian oil, a move that would give him what lawmakers describe as significant leverage over nations such as India and China to curb their imports of discounted crude from Moscow. Senator Lindsey Graham said he had a very productive meeting with Trump at the White House on Wednesday, during which the President approved the bipar…
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