US tariffs against Russian oil buyers pass: What it means for China, India

The United States Congress has passed a bill allowing President Donald Trump to impose sanctions on Russian crude exports and steep tariffs on buyers of Russian energy, primarily affecting China and India. The legislation, named the 'Lindsey O Graham Sanctioning Russia Act of 2026', aims to curtail funding for Russia's war against Ukraine. It also grants authority to apply tariffs of up to 100 percent on exports from the top five purchasers of Russian energy.