World
Trump signs Russia sanctions law, waives 100% duties on oil buyers — India breathes easy
President Donald Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law, giving Washington sweeping new powers including tariffs of up to 100% on the biggest buyers of Russian oil and gas. In the executive order implementing it, however, he immediately waived those duties, sparing India and China — the top two importers of Russian crude — an immediate tariff hit. New Delhi said it remains in touch with Washington and will act to protect its trade and energy interests. Source: The Times of India (via NewsPoint)
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