US Prepares 100% Tariffs on Countries Buying Russian Oil
The US Congress has passed a bill imposing tough sanctions on Russia and Iran, granting the President authority to impose tariffs of up to 100% on countries purchasing Russian oil. India, China, and several other nations are expected to be affected.
Kathmandu — The United States is preparing to impose tariffs of up to 100% on many countries, including India and China, that purchase crude oil from Russia.
The US Congress has passed a bill imposing tough sanctions on Russia and Iran. The bill has been officially titled the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. The House of Representatives approved it by a vote of 262–159. The bill will now be sent to President Trump, who is expected to sign it in the coming days.
This bill could grant the President the authority to impose tariffs of up to 100% on countries that buy oil from Russia. Besides India and China, it includes the following countries:
- Turkey
- Azerbaijan
- Hungary
- Slovak Republic
- UAE
- Singapore
- Kazakhstan
- Kyrgyz Republic
The Lindsey O. Graham Sanctioning Russia and Iran Act was approved by the US Senate last month by a vote of 86–11.
After passage by Congress, the bill will now go to President Donald Trump for signature. The Trump administration will then have the authority to impose additional sanctions and tariffs to pressure countries that continue trading with Russia and Russian energy.
India and China are major buyers of Russian oil. Therefore, tariffs are expected to be imposed on these countries. The US is India's largest export market.
Russia has become India's largest oil supplier. In August, India imported 2.08 million barrels per day of crude oil from Russia. In August, Moscow accounted for 45% of New Delhi's crude oil imports. Although India's imports from Russia decreased compared to July, they are expected to rise again. –Agency