Trump Backs Bill Threatening 500% Tariff on India, China for Russian Oil

• US President Donald Trump greenlit a bipartisan bill allowing sanctions on countries buying Russian oil.
• The "Sanctioning of Russia Act 2025" proposes a 500% tariff on goods/services from Russia and from countries trading Russian-origin uranium/petroleum.
• Senator Lindsey Graham stated the bill aims to leverage against nations like India, China, and Brazil to stop funding Russia's war in Ukraine.
• India and China are major buyers of Russian oil, with India importing ~144 billion euros and China ~210.3 billion euros since the Ukraine war began.
• The legislation seeks to cut off financing for Putin's war machine by targeting cheap Russian oil purchases.

Why It Matters: Trump-backed bill threatens massive tariffs on nations like India, China for buying Russian oil.