500% Tariff Threat:- US Sanctions Bill Targets India Over Russian Oil Trade

 The US-proposed sanctions bill, which would impose 500% tariffs on countries that trade with Russia, including India, has alarmed the world following reports of support from former US President Donald Trump. This measure aims to increase economic pressure on Russia due to its continued involvement in Ukraine, but it could have significant consequences for global trade and diplomatic relations.

The bipartisan bill, led by U.S. Senator Lindsey Graham aims to impose tougher tariffs on countries that continue to buy Russian oil, gas, and other energy products. Supporters of the legislation argue that such measures are necessary to curb Russia's energy revenues, which Washington says are funding the war. Trump's approval has boosted the bill's chances of advancing in the U.S. Congress.The Enkoorinfo publishes the news regarding the consequences happening in the world wide market.

500% Tariffs on INDIA

India, one of the largest importers of discounted Russian crude oil since 2022, is one of the countries targeted by the law. Russian oil has played a key role in maintaining energy security and controlling inflation amid fluctuating global prices. However, the proposed 500% tariff will significantly increase the costs of Indian exports to the United States and affect sectors such as pharmaceuticals, textiles, machinery, and IT services.Enkoorinfo publishes the news regarding.

Indian officials defended the country's oil purchases, saying New Delhi is pursuing a policy based on national interests and affordable fuel for its citizens. They also pointed out that India is bound by international laws and that many Western countries continue to seek Russian energy thru indirect means.Enkoorinfo is the  news publishing website where the eagar and enthusiactic news can be viewed.

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Experts warn that the legislation, if passed, could damage trade ties between India and the United States that have strengthened in recent years. The United States is one of India's most important trading partners, and such a high tariff could hurt supply chains and investor confidence.

Although the legislation still needs approval from both chambers of Congress, it shows how the conflict between Russia and Ukraine is reshaping global trade, diplomacy, and energy policy.