In talks with senator seeking to tariff Russia oil buyers: Govt
Thursday, 3 July 2025 India has expressed its apprehension to US Senator Lindsey Graham regarding his proposed sanctions bill, which could impose significant tariffs on nations, including India, purchasing Russian oil, stated S Jaishankar. This follows a substantial increase in India's Russian oil imports, rising from less than 1% to 40% in three years, driven by discounted prices.
Senator Lindsey Graham reveals that a sweeping new Senate sanctions bill is on the brink of passage, offering President Trump a “sledgehammer” to punish not only Russia but also its key global allies like China, India, and Brazil. The legislation empowers Trump to levy up to 500% in tariffs on any nation that continues trading with Moscow — a dramatic escalation in US policy that could reshape global trade dynamics.
Graham predicts “maximum flexibility” for presidential enforcement and signals an imminent surge in military aid to Ukraine, funded by frozen Russian assets. While Moscow dismisses the move as futile and claims it merely fuels Russia’s independence, the US plans to ratchet up pressure if diplomatic efforts falter. As this bold strategy takes shape, the world braces for a seismic shift in economic warfare.
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US President Donald Trump has described Russian President Vladimir Putin as “a professional” who has effectively handled Western sanctions amid the ongoing Ukraine conflict. The remarks followed a one-hour phone call between the two leaders where Trump pressed Putin on ending the war. While acknowledging Moscow’s resilience, Trump hinted that tougher sanctions may be on the way if the conflict continues.
The Kremlin reaffirmed its stance, insisting it would not back down from core goals. Meanwhile, a bipartisan bill in the US Senate proposes a staggering 500% tariff on imports from nations buying Russian energy, escalating the economic pressure. Kremlin spokesman Dmitry Peskov dismissed the bill’s backer, Senator Lindsey Graham, as a “Russophobe,” while reiterating Russia’s view that sanctions are illegal and counterproductive. Despite mounting restrictions since 2014, Russia claims its economy has adjusted and domestic industries have strengthened. The geopolitical standoff shows no signs of cooling.
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