Categories: BUSINESS

US eases Russia sanctions bill, cuts tariff threat on India and China from 500% to 100%

US senators unveiled a revised Russia sanctions bill targeting major energy buyers. This legislation seeks to pressure Moscow and its key oil and gas importers. The updated bill reduces previously proposed tariffs on top purchasers like China and India. It also targets Russia’s shadow fleet and financial institutions involved in its war. This measure aims to secure broader political support and honor Senator Lindsey Graham’s legacy.
Sumitra

Share
Published by
Sumitra
23 minutes ago

Recent Posts

India moves to block imports linked to forced labour amid USTR probe

India is inserting a new clause into its foreign trade policy. This clause will allow…

23 minutes ago

Renewable energy boost: Aditya Birla Group to buy Shell-backed Sprng Energy; deal worth $1.8 billion

The acquisition will bring nearly 5 gigawatt-peak (GWp) of contracted renewable energy capacity into ABRen's…

1 day ago

Donald Trump announces 20% toll on ships in Strait of Hormuz; to ‘reinstate’ Iran blockade

Trump's announcement comes after another major exchange of fire cast fresh uncertainty over efforts to…

1 day ago

Oil companies plan expanding 10-kg LPG cylinder sales

State-run oil companies are considering expanding lightweight 10-kg LPG cylinders for commercial use. These cylinders…

2 days ago

Four top-10 firms add Rs 93,000 crore in mcap despite weak market; HDFC Bank, Airtel lead gains

Four of India's top ten companies added significant market value last week. HDFC Bank and…

2 days ago

Age-related discrimination could wipe out $500 billion in OECD productivity: Report

3 days ago