US Threatens 500% Tariff on India Over Russian Oil; Trump Backs Sanctions Bill

• US President Donald Trump has approved the "Sanctioning Russia Act of 2025," a bill designed to impose strict economic penalties on Russia and its trading partners.
• The bill aims to authorize the US President to impose tariffs, potentially up to 500%, on countries purchasing cheap oil, gas, and uranium from Russia.
• India, already facing a 50% tariff on Russian oil, could see this increase to 500% if the new bill passes, significantly impacting its economy.
• Republican Senator Lindsey Graham stated the bill seeks to pressure countries like India, China, and Brazil to stop funding Russia's war machine.
• The bill, which received Trump's green light on January 7, 2025, is expected to be voted on in the US Congress, possibly as early as next week.

Why It Matters: US bill threatens India with 500% tariffs on Russian oil, escalating economic pressure amid Ukraine war.