21 hrs ago
India Named in Proposed 100% US Russia Sanctions Tariffs
US lawmakers are considering a bill to punish Russia over its war against Ukraine.
The bill could also penalize countries that buy Russian oil and other energy products.
One proposed amendment would specifically list India, China and eight other countries as possible targets.
If approved, the President could impose tariffs as high as 100% on those countries.
Another lawmaker wants to remove that tariff power from the bill.
The Senate has already approved the bill, but the House must vote on it next.
The bill could then go to President Donald Trump for approval.
Other proposals would allow temporary sanctions waivers and provide loans to help Ukraine buy defense equipment.
A House amendment would name India and nine other countries as possible targets for 100% tariffs under a Russia sanctions bill.
The Lindsey O Graham Sanctioning Russia and Iran Act passed the Senate 86-11 and now awaits House approval.
The bill targets Russia’s leadership, energy sector and vessels involved in evading oil sanctions.
Democratic Congressman Gregory Meeks has proposed removing the section granting President Donald Trump broad authority to impose secondary tariffs.
Other amendments would permit temporary sanctions waivers and authorize up to USD 15 billion in direct loans for Ukraine’s defense purchases.
- Who
- US lawmakers, including Democratic Congressmen Steny Hoyer and Gregory Meeks; countries named as possible tariff targets include India and China.
- What
- The House is considering amendments to a Russia sanctions bill that could authorize 100% tariffs on major Russian trading partners.
- Where
- The legislative action is taking place in the United States Congress in Washington.
- When
- The Senate passed the bill on August 7, and the amendments were made public on Monday; the House has four working days before its planned early recess.
- Why
- The US says revenue from Russia’s crude-oil trade is helping fund its military operations against Ukraine.
Oppose Broad Tariff Authority
Target Russia’s Trading Partners
Presidential tariff powers
Oppose Broad Tariff Authority
Gregory Meeks and three co-sponsors want to remove Section 113, arguing against granting the President broad authority to impose secondary tariffs.
Target Russia’s Trading Partners
The sanctions bill would authorize the President to impose tariffs of up to 100% on major countries trading in Russian oil and other energy products.
Naming specific countries
Oppose Broad Tariff Authority
The Senate version does not specifically name Russia’s trading partners, leaving the issue to the House amendments and later decisions.
Target Russia’s Trading Partners
Steny Hoyer’s amendment would explicitly list India, China and eight other countries as eligible for the proposed 100% duties.
Additional sanctions flexibility
Oppose Broad Tariff Authority
Meeks has proposed allowing sanctions on a foreign person to be waived for renewable 90-day periods when vital to US national security.
Target Russia’s Trading Partners
The broader bill seeks stronger pressure on Russia’s leadership, energy sector and vessels involved in its oil trade.
Key facts
- Bill
- Lindsey O Graham Sanctioning Russia and Iran Act
- Senate vote
- 86-11
- Proposed tariff
- Up to 100% on eligible Russian trading partners
- Countries named by Hoyer
- India, China, Turkiye, Azerbaijan, Hungary, the Slovak Republic, the UAE, Singapore, Kazakhstan and the Kyrgyz Republic
- House status
- The bill must pass the House before being sent to the President for signature.
- Meeks amendment
- Would remove Section 113, which grants authority to impose broad secondary tariffs.
- Ukraine assistance proposal
- Up to USD 15 billion in direct loans for defense articles and services.
Sources
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