US Senate Russia sanctions may lead to 100% tariffs on India and China

A new package of sanctions targeting Russia has passed a key vote in the U.S. Senate, with an overwhelming 86-12 majority. Named after the late Senator Lindsey Graham, the bill aims to impose significant tariffs on countries like China and India that continue to purchase Russian oil. The legislation includes sanctions against Russian officials and companies, and grants the president the authority to impose tariffs on nations facilitating sanctions evasion, potentially escalating economic tensions.

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