The bill, if cleared, would allow the US president to impose tariffs up to 500 percent on countries dealing in Russian oil. India on Friday reacted to reports that the United States was considering levying a whopping 500 percent import tariffs on India and other countries buying Russian oil. The MEA said in its statement: "We are aware of the proposed bill. The bill, if cleared, would allow the US president to impose tariffs up to 500 percent on countries dealing in Russian oil or other energy sources. The proposed bill is aimed at economically pressure Moscow at a time when the US is holding negotiations to bring an end to the Russia-Ukraine war, which has been raging for nearly four years now.

Source: dna January 09, 2026 18:41 UTC