Economy
US Lawmakers Warn India and China Over Russian Oil Trade as Sanctions Bill Advances
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THE BRIEF
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US Senator Richard Blumenthal warned India and China to reduce reliance on Russian oil and gas or face unprecedented economic penalties under the newly passed Russia Sanctions Bill.
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The legislation directs President Donald Trump to impose up to 100 percent tariffs on the top five importers of Russian energy, with the House approving the bill in a 262-159 vote.
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In response, India's foreign ministry stated it remains firmly committed to national energy security and had warned Washington that such moves could impact bilateral ties.