Archive · 18 Jul 2026
India Monitors US 100% Tariff Bill on Russian Oil Buyers
The US has a new law that might make countries like India pay a lot more for buying Russian oil.
India says it buys oil from many places to keep its energy needs met.
The US wants to stop countries from buying Russian oil because it helps Russia in its war with Ukraine.
India is watching this situation closely.
There are also some reports about attacks near a port in Iran, but India says the port itself is okay.
India has ships in the Persian Gulf, and everything is running normally there.
India is monitoring a proposed US law that could impose 100% tariffs on countries buying Russian oil.
The bill, introduced by over 60 US Senators, targets the top five buyers of Russian crude oil and natural gas.
India defends its oil purchases, stating they are based on energy security needs and involve multiple suppliers.
India has increased its purchases of Russian crude, which now makes up more than half of its total crude imports.
The US bill also proposes sanctions on Russia's political leadership, financial institutions, and energy companies.
- Who
- India, US Senators, Russian oil buyers
- What
- Proposed US legislation targeting Russian oil buyers with tariffs
- When
- Introduced in 2026, after the death of Senator Lindsey Graham
- Where
- United States, India, Russia, Persian Gulf
- Why
- To pressure countries buying Russian oil and gas, which funds Russia's war in Ukraine
- Bill Name
- Senator Lindsey O. Graham Sanctioning Russia Act of 2026
- Proposed Tariff
- Up to 100%
- Targeted Countries
- Top five buyers of Russian crude oil and natural gas
- India's Russian Oil Imports
- More than half of total crude imports
- US Senators Supporting the Bill
- More than 60
- Indian Ships in Persian Gulf
- Seven
- Chabahar Port Status
- No damage reported
