Economy

India TV Names China and India as Graham Bill Targets

The U.S. Senate passed a Russia sanctions bill 86-11 that would let the administration impose 100 percent tariffs on the five largest importers of Russian crude. [1] India TV's Saturday file named those buyers as China, India, Azerbaijan, Hungary, and Slovakia. The House vote waits until September.

The bill, renamed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, also targets Russian officials and would extend the Iran Sanctions Act of 1996 through 2031. [1] Sen. Jim Risch said it could "cut off the flow of cash that powers Putin's war machine." Democrats Gregory Meeks and Don Beyer said it would let President Trump "impose yet more tariffs in his destructive trade wars." [1]

The paper's Saturday major already treated the 100 percent tool as uncollected. India TV's contribution is the named list. A named list is not a levy.

India TV also said the bill would allow tariffs of up to 500 percent on imports from Russia, including oil and gas, and would target Russian leaders, oligarchs, and financial institutions. [1] Graham, the Republican senator who pushed the sanctions and died on July 11, is the name on the act. A September House calendar is not a collected duty on Indian barrels.

-- PRIYA SHARMA, Delhi

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