US Senate Approves Tariff Bill Targeting Russian Energy Importers Including India

The legislation authorizes discretionary tariffs on five countries—China, India, Azerbaijan, Hungary, and Slovakia—based on Russian energy purchases. India imported 2.61 million barrels of Russian crude daily in June 2026 (52.4% of its oil imports); China is the largest importer. Implementation is at presidential discretion. Trade flows to affected nations and US trading relationships with major partners including India face potential disruption if tariffs are applied. The bill also extends Iran sanctions enforcement for five additional years. House vote is scheduled for August 31.