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Home > All news > US Russia sanctions bill cuts India, China tariff threat from 500% to 100%

US Russia sanctions bill cuts India, China tariff threat from 500% to 100%

22 hours ago
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Washington DC - The US Senate on Tuesday unveiled a revised Russia sanctions bill that significantly softens its proposed tariff penalties on major buyers of Russian oil, including India and China, reducing the maximum tariff from a blanket 500% to up to 100% for the five largest purchasers of Russian crude, Reuters reported.The bipartisan legislation, backed by Republican and Democratic senators, seeks to intensify . . .

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