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U.S. sanctions bill against Russia eases threat from China and India
A revised American sanctions bill against Russia aims to reduce threats to China and India by lowering tariffs on Russian energy imports to a maximum of 100% for the top five buyers, down from 500% as initially proposed. The law targets imposing sanctions on Russian officials and requires exempting countries that import less than 15% of Russian gas and are working to reduce their dependence on Russia, such as Japan and France. This comes amidst broad support from the Senate and seeks to pressure China and India to lessen their reliance on Russian energy.
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