US 'Ban Russia Act' Threatens 500% Tariffs; India, China Face Economic Showdown

• US plans 'The Ban Russia Act of 2025' to impose up to 500% tariffs on countries buying Russian oil or uranium.
• India and China, major importers of Russian oil, face significant economic pressure and potential financial loss if the act passes.
• India maintains strategic autonomy, citing discounted Russian oil as crucial for domestic energy security despite US pressure regarding the Ukraine war.
• Foreign affairs expert Rabinder Sachdev suggests India may need to gradually reduce Russian oil imports and expand exports to Europe, Africa, and Global South.
• America's aggressive stance stems from fears of a multipolar world, diminishing dollar dominance, China's technological rise, and losing control over energy markets.

Why It Matters: US tariff threat on Russian oil buyers escalates global economic and geopolitical tensions.