US House Passes Bill To Sanction Russia Oil

India Today · world

The US House of Representatives has passed the Lindsey Graham Sanctioning Russia and Iran Act of 2026, allowing President Donald Trump to impose tariffs up to 100% on nations buying Russian oil and gas. This move could significantly impact India, which imported 30.3% of its oil from Russia in fiscal 2026. The legislation follows BRICS Summit opposition to unilateral measures. Energy security is a vital concern for India given its reliance on Russian crude.