US Senate Approves 100% Tariffs on Russian Oil Buyers
By Business Desk
US Senate passes bipartisan bill authorizing President Trump to impose up to 100% tariffs on major Russian oil buyers like India and China.
The US Senate has approved the “Lindsey O Graham Sanctioning Russia Act,” a bipartisan bill granting President Donald Trump authority to impose tariffs of up to 100 percent on the world’s top five purchasers of Russian oil or natural gas. This measure aims to increase pressure on Moscow amidst the ongoing Ukraine war.
India and China are explicitly identified among these top five global purchasers. Other nations named in the legislation include Azerbaijan, Hungary, and Slovakia.
- Bill Name: “Lindsey O Graham Sanctioning Russia Act”
- Tariff Ceiling: Up to 100 percent
- Senate Vote: 86-11 in favor
- Targeted Nations: India, China, Azerbaijan, Hungary, Slovakia
Legislative Intent and Bipartisan Support
The legislation honors Republican Senator Lindsey Graham, a strong advocate for Ukraine, who passed away on July 11. His sister, Darline Graham, now a Senator, emphasized the bill’s design to significantly impact Russian President Vladimir Putin.
Democrat Richard Blumenthal collaborated with Senator Graham for over a year to advance this bill, highlighting the broad international support for the people of Ukraine.
Path Forward for the Legislation
The approved bill now proceeds to the House of Representatives for its consideration. The House is scheduled to reconvene on August 31 to address this and other legislative matters.
This legislative action underscores a continued effort by the United States to leverage economic tools in response to geopolitical conflicts. Its progression through the House will determine its final enactment as law.