The US House of Representatives passed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 on Wednesday, granting the Trump-led administration authority to impose tariffs of up to 100% on the top five purchasers of Russian oil and gas, including India, according to livemint.com. The bill aims to target Russian officials and key sectors of its economy amid ongoing geopolitical tensions.
The legislation, which now awaits President Trump's signature, is designed to pressure Russia by restricting its oil and gas exports. The bill specifically names India among the countries that could face steep tariffs due to their significant purchases of Russian energy. The Associated Press reported that the bill's passage reflects bipartisan support in the House to intensify economic measures against Russia and Iran.
This move marks a significant escalation in US sanctions policy, potentially impacting global energy markets and trade relations. India, as one of the largest buyers of Russian oil, could face increased costs and supply chain disruptions. The bill follows earlier sanctions packages targeting Russia and Iran and aligns with broader US efforts to counter Russian influence. The sanctions could also affect India's energy diversification strategies and diplomatic ties.
The bill now moves to the White House for President Trump's approval. If signed into law, the tariffs could be implemented swiftly, affecting India's oil imports from Russia and reshaping trade dynamics. The US House vote took place on September 16, 2026, signaling a firm stance on Russia amid ongoing international conflicts.