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US Senate Passes Russia Sanctions Bill Targeting India with 100% Tariffs

US Senate Passes Russia Sanctions Bill Targeting India with 100% Tariffs

The Times of India2h
THE BRIEF
1

The US Senate has passed a new Russia sanctions bill that proposes 100% tariffs on imports from India and four other nations, citing their continued trade ties with Moscow.

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The legislation aims to penalize countries that maintain significant economic cooperation with Russia, potentially impacting Indian crude oil supplies and trade relations.

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Analysts warn that the bill could disrupt global supply chains, with opposition leaders in India criticizing the government for failing to secure exemptions from the US administration.