The US Senate’s approval of a bill on Russia sanctions could expose Indian exports to additional tariffs of up to 100 per cent if India continues buying Russian crude oil, think tank GTRI said on Saturday.
The US Senate voted overwhelmingly to approve a bill to punish Russia and key buyers of its petroleum products, such as China and India, claiming that such trade helps fuel the Ukraine war.
This bill will allow US President Donald Trump to impose 100 per cent tariffs on goods from countries that are the top five importers of Russian oil and gas.
The Global Trade Research Initiative (GTRI) said that India, being the second-largest buyer of Russian crude, is exposed to high tariffs.
Russia supplied 30.3 per cent of India’s crude imports in FY2026, worth USD 40.8 billion, helping reduce costs and contain inflation.
“The US Senate has overwhelmingly approved legislation that could expose Indian exports to additional tariffs of up to 100 per cent if India continues buying Russian cru
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