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India Business · economictimes.indiatimes.com · Saturday, 18 July 2026

US Senate Targets India, China with 100% Tariffs on Russian Oil

A bipartisan US Senate bill would impose 100 % tariffs on imports from the five biggest buyers of Russian oil and gas — India, China, Slovakia, Hungary and Azerbaijan. It seeks to cut Moscow’s war funding and would be the first use of tariffs as a geopolitical weapon. The proposal now moves to the House.

Read the source: economictimes.indiatimes.com ↗In the 18 July issue →