Economy, business and finance
‘India, you better buy oil somewhere else’: US senator’s warning after Russia sanctions bill clears House
The legislation does not itself impose a 100% tariff on Indian goods, but gives Trump the authority to levy such duties under special conditions if he wishes.
China and India, you better buy your oil and gas somewhere else, Democratic senator Richard Blumenthal warned on Wednesday after the US Congress approved a bill that could expose major buyers of Russian energy to steep tariffs.
“To China and India: You better clean up your act. Buy your oil and gas somewhere else. Appeasement is not a strategy,” he told reporters.
The US House of Representatives have passed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 by a 262-159 vote. The bill will now go to US President Donald Trump for his signature. The legislation gives Trump the authority to impose tariffs of up to 100% on major buyers of Russian oil and gas, including India and China.