India, China Face Reduced Tariffs Under Revised US Russia Sanctions Bill

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International Relations

15 July 2026 at 1:23 pm

India, China Face Reduced Tariffs Under Revised US Russia Sanctions Bill

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Summary

India and China face reduced tariffs under a revised US Russia sanctions bill, with tariffs cut from 500% to 100%. This move aims to maintain pressure on Russia while accommodating major Russian crude buyers like India and China.

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India, China Face Reduced Tariffs Under Revised US Russia Sanctions Bill | News Studio | News Studio