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U.S. Bill Targets Russian Oil Buyers with Fees of Up to 100%
A new American bill aims to impose tariffs of up to 100% on oil imports from five major countries, including China and India, in an effort to increase economic pressure on Russia to end its war in Ukraine. This comes as part of U.S. efforts to tighten sanctions on Moscow, amid concerns about potential impacts on trade relations with China and India. The law includes exemptions for certain countries whose Russian gas imports account for less than 15% of their energy needs, and it faces opposition from some members of Congress who are trying to delay its passage.
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