# US Senate bill allows 100% tariff on Indian goods over Russian oil

2026-08-08T14:46:11+00:00 | Entertainment | Indian Opinion Desk

Corroboration: 1 independent outlet

The US Senate on Friday passed the Graham bill, allowing President Trump to impose tariffs of up to 100% on the top five buyers of Russian oil or gas, including India and China. The bill, which passed 86-11, targets nations helping Russia evade energy sanctions and also goes after Russian banks, officials, and the shadow fleet of tankers. The legislation now heads to the House. Think tank GTRI has warned the move could subject Indian exports to crippling tariffs. However, India has already survived a similar episode: Washington removed a 25% tariff in February 2026 after India agreed to stop buying Russian crude as part of a trade deal that now appears stalled. Kotak Securities analyst Anindya Banerjee noted the Russian crude discount has fallen to just $2-3 a barrel, limiting the financial impact on India.

## Coverage

- economictimes.indiatimes.com <https://economictimes.indiatimes.com/news/economy/foreign-trade/america-hurting-its-own-interest-india-well-insulated-against-us-tariffs-on-russian-oil-expert-says/articleshow/133051948.cms>
- ndtvprofit.com <https://www.ndtvprofit.com/economy/us-senate-nod-to-bill-on-russia-sanctions-could-hit-indian-exports-with-100-tariff-gtri-11884031>
- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/world/us/donald-trump-shoots-from-senate-shoulders-to-punish-russia-by-making-india-and-china-pay/articleshow/133055904.cms>

Tags: de-dollarisation, India economy, Kotak Securities, oil imports, Russian crude, US tariffs
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