3 weeks ago

US Senate Russia sanctions bill worries India's engineering exporters

US Senate Russia sanctions bill worries India's engineering exporters
New US tariff bill causes concern for India's engineering exports: Industry · thehansindia.com

The United States has written a new rule, called a bill, that could make some countries pay extra money, called tariffs, for energy-related business with America.

This bill is about Russia and the countries that buy energy like oil and gas from Russia.

The US Senate — one part of America's government — voted 86 to 11 to pass the bill.

The bill would give President Donald Trump the power to add tariffs of up to 100 percent on the biggest buyers of Russian energy.

India is one of the countries that buys energy from Russia, and India also sells many factory-made goods, called engineering goods, to America.

If America adds extra tariffs, those Indian goods could become more expensive, and Indian companies could lose customers.

A group called EEPC India, which helps Indian engineering exporters, said it is worried about this.

Indian engineering exports to America were worth $19.60 billion last year and were still growing.

But the bill is not a law yet — it still has to be approved by the other part of America's government, called the House of Representatives.

Some Democratic leaders there do not like the tariff parts of the bill, so people are watching to see what happens next.

Key facts

Bill name
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
Senate vote
Passed 86-11
Tariff ceiling
Up to 100% on top importers of Russian energy
Indian engineering exports to US (FY 2025-26)
$19.60 billion
Year-on-year export growth
2.3%
Bill status
Passed the US Senate; now before the House of Representatives
Countries covered
Five largest importers of Russian crude oil, five largest importers of Russian natural gas, and five leading countries facilitating Russian oil sanctions evasion
Data review cycle
Based on the most recent 12-month period, reviewed every 180 days

Quotes

Pankaj Chadha

Chairman, EEPC India

“This development is really concerning for us, considering the US is the top market for Indian engineering goods, and the bill may have a significant impact on Indian goods exports.”
thehansindia.com

Sources

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