Economy, business and finance
'Appeasement never pays': Congress jabs govt as US passes Russia sanctions bill
US House passes Lindsey Graham Sanctioning Russia and Iran Act 2026, authorising Trump to impose tariffs on India, China over Russian oil imports. Congress hits out at Modi government, warns of long-term consequences.

The bill seeks to authorise Trump to impose stiff tariffs on China, India and other countries to reduce their dependence on Russian oil and gas.