India faces the contemporary prospect of being levied as much as 100% tariffs if the Donald Trump administration is ready to get a brand new Russian sanctions invoice cleared and the US President workout routines the facility the invoice would give to impose duties. An Indian authorities supply advised Reuters that whereas the sanctions invoice on Russian oil buy is a matter of concern, talks to this point have been reassuring.The proposed Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 would empower the US President to levy tariffs of as much as 100% on nations that buy giant volumes of crude oil and pure fuel from Russia. The ultimate determination on whether or not to impose such tariffs would relaxation solely with the US President.Based mostly on present import patterns, the 5 largest consumers of Russian vitality are anticipated to incorporate China, India, Slovakia, Hungary and Azerbaijan.Additionally Learn | 100% tariffs: Why India may ignore Trump threat and continue buying Russian crude oil
‘Trump, PM Modi good pals’
In the meantime, White Home Commerce Adviser Peter Navarro stated on Tuesday that US President Donald Trump and Prime Minister Narendra Modi share a “superb working relationship” and are anticipated to deal with variations over Washington’s proposed tariffs on nations buying Russian oil by means of direct engagement.His remarks got here simply days after the US Senate accredited the bipartisan Invoice. The proposed laws is geared toward rising financial stress on Moscow by focusing on nations whose purchases of Russian vitality are considered as serving to finance its conflict in Ukraine.
What US sanctions invoice for Russia means
Replying to a query from ANI, Navarro stated the matter can be resolved by the 2 leaders themselves slightly than by different officers. “The president and your prime minister have an excellent working relationship. They will work that out amongst themselves, and it is not for me or any gaggle to get between that,” he stated.Navarro additionally reiterated his criticism of India’s imports of Russian crude, contending that New Delhi’s involvement within the commerce expanded considerably solely after Russia launched its invasion of Ukraine in 2022.India continues to be one of many largest importers of Russian crude, with purchases rising sharply after the Russia-Ukraine battle started in 2022. Entry to discounted Russian oil has enabled Indian refiners to decrease enter prices whereas making certain uninterrupted provides throughout a interval of volatility in international vitality markets.Navarro’s newest remarks characterize a noticeably extra conciliatory stance on India-US ties after months of sharp criticism. Earlier in 2026, he had repeatedly focused India over its Russian oil imports and had referred to the nation because the “Maharaja of tariffs”.Additionally Learn | Beijing’s billion-barrel weapon: Why India must prepare for China-driven oil prices
