US House reportedly passes bill that would allow tariffs of up to 100% on Russian energy buyers
A post citing Reuters says India warned the tariffs could hurt US-India relations. ET NOW describes potential effects on India's crude import costs, oil marketing companies' margins, the rupee and inflation.
TLDR
A post citing Reuters says India warned that US tariffs targeting Russian oil buyers could hurt bilateral relations. The same post says the House passed a sanctions bill 262–159 that would allow tariffs of up to 100% on countries, including India and China, that buy Russian energy. ET NOW describes how the proposed tariffs could affect India's crude import costs, oil marketing companies' margins, the rupee and inflation, given its reliance on Russian crude.
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2 Sources, first seen 13d ago
