India studying US tariffs on Russian oil buyers: Goyal

New Delhi: India is studying the details of US tariffs that could be imposed on buyers of Russian oil, Commerce and Industry Minister Piyush Goyal said on Monday, as Washington steps up pressure on countries continuing to purchase Russian energy. Goyal said India was examining the details of the US tariff provisions, days after the US House of Representatives passed a sweeping sanctions and tariffs bill aimed at increasing economic pressure on Russia over its war in Ukraine, Reuters reported on Monday.

US President Donald Trump has since signed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 into law, giving his administration the power to impose tariffs of up to 100% on countries that continue to buy Russian oil and gas. The measure could expose major buyers such as India and China to higher duties on their exports to the US. The legislation, signed on September 18, expands sanctions on Russia’s energy and defence sectors and targets its so-called “shadow fleet” and other entities accused of helping Moscow evade sanctions. The law takes effect within 30 days. Under the new framework, Trump can impose duties of up to 100% on goods imported from the five biggest buyers of Russian crude oil or natural gas, based on purchase volumes during the 12 months before the law was enacted.

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The Hans India