US Unveils Bill for 100 pc tariffs on India for Buying Russian Oil

A bipartisan group of US Senators unveiled a bill that seeks to impose 100 per cent tariffs on five countries, including India and China, for purchasing oil from Russia. 

The bill, brokered by late Republican Senator Lindsey Graham, exempts 15 European nations that buy gas from Russia from the tariffs, arguing that the purchases amount to a fraction of their total requirement and the countries in question were taking steps to reduce dependence on



Moscow.

Apart from India and China, other countries that will be hit by the tariffs are Slovakia, Hungary and Azerbaijan. "It's been referred to as a tariffs bill, but actually it imposes full blocking sanctions on wide swaths of the Russian economy, including its energy industry, financial industry, defence industrial base, oligarchs, business people, and Vladimir Putin himself," Richard Blumenthal, a Democratic Senator from Connecticut, told reporters here Tuesday evening.