Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

US Senate clears Russia sanctions bill that could hit India with 100% tariffs

IANS
Updated: August 8th, 2026, 13:17 IST
in Business, International
0
India faces tariff risk

Pic-IANS

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Washington: The US Senate passed a sweeping Russia sanctions bill that does not name India but could expose it and other major buyers of Russian energy to tariffs of up to 100 per cent.

Passed by the Senate by 86-11 vote, the Lindsey Graham Sanctioning Russia and Iran Act of 2026 now goes to the House of Representatives, where senior Democrats have objected to its tariff provisions.

Also Read

SFJ steps up Khalistan push

Punjab put on high alert ahead of August 15 over Khalistan terror threat

1 hour ago

Bangladesh dengue outbreak: Death toll rises to 59 as cases near 18,000

2 hours ago

The legislation requires the administration to identify countries using trade data rather than naming them in the statute. It covers the five largest importers of Russian crude oil, the five largest importers of Russian natural gas and the five leading countries facilitating Russian oil sanctions evasion.

Those determinations would be based on the most recent 12-month period and reviewed every 180 days.

India, China and Brazil were named separately by Republican Senator Deb Fischer in a statement supporting the bill. Her remarks are not part of its statutory text.

“The Kremlin’s war machine runs on the money it makes from selling cheap oil and gas to countries like China, India, and Brazil who then profit by reselling Russian energy at a markup,” Fischer said. “It is long overdue for these enablers to pay a price.”

She said the measure would pressure the world’s largest purchasers of Russian energy to reduce their dependence on Moscow.

The bill would impose primary and secondary sanctions against Russian officials, oligarchs, their family members, banks and financial institutions. It also targets foreign actors supporting Moscow’s war in Ukraine and Russia’s so-called shadow fleet used to transport oil and evade sanctions.

“Today we say to the people of Ukraine, you are not alone. And we say to Vladimir Putin, you will not conquer Ukraine,” Democratic Senator Richard Blumenthal said.

The legislation was named after Republican Senator Lindsey Graham, who negotiated an agreement with the White House before his sudden death on July 11. Senators accelerated work on the measure after his death.

It would also extend the Iran Sanctions Act of 1996 until 2031. The law penalises companies investing in Iran’s energy sector.

The tariff authority divided Democrats. An amendment from Republican Senator Rand Paul and Democratic Senator Ron Wyden seeking to remove the provisions failed 32-64.

Democratic Senator Raphael Warnock lifted his hold on the bill after US Trade Representative Jamieson Greer provided a written commitment that the administration would follow the law as written.

“Let’s be clear: Putin is a war criminal, and his war machine must be stopped,” Warnock said. “But we should not have to choose between putting a check on Putin’s aggression and putting a check on this president’s tariff regime.”

House Foreign Affairs Committee ranking Democrat Gregory Meeks and Representative Don Beyer said the Senate bill gave President Donald Trump sweeping tariff authority while retaining broad presidential waivers on sanctions. “But the current text is unacceptable,” they said.

The House is in recess until Aug 31 and has not indicated whether it will consider the measure. It passed a separate Russia sanctions and Ukraine aid bill in June after supporters used a discharge petition to force a vote.

Orissa POST – Odisha’s No.1 English Daily
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

Mettle Meet 2026
OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019

Archives

Editorial

Mandi House Reset

DILIP CHERIAN
August 8, 2026

By Dilip Cherian How an Education Ministry worthy wins a new post will be a tale told later. But for...

Read moreDetails

ISI After NEET

August 5, 2026

The Centre is courting yet another controversy by introducing a Bill in the Lok Sabha that seeks to fundamentally alter...

Read moreDetails

A Quiet Shift

Prashant Kishor
August 4, 2026

Change rarely arrives announced. But when a popular movement stirs, transformation can sweep in like a tide. The recent by-election...

Read moreDetails

Desperate Measures

Indian currency
August 3, 2026

The Reserve Bank of India (RBI) selling about $7 billion in a single trading session to arrest the rupee’s slide...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST