How will the U.S.’s Sanctioning Act affect India? | Explained
Washington has passed the Lindsey O. Graham Sanctioning Russia and Iran Act, 2026, which imposes a 25% tariff on Russian oil imports unless a waiver is granted. The law allows the Treasury to exempt countries that meet specific criteria, and India could qualify if it reduces purchases from Russia. Analysts say the measure may raise fuel costs and pressure Indian energy policy.