US bill threatening 100% tariffs on Russian energy buyers spooks Indian exporters

A sanctions bill before the U.S. House of Representatives is causing concern among Indian exporters, as it could grant the president authority to impose tariffs of up to 100% on countries that continue to purchase Russian energy. The move is seen as a potential negotiating tactic to pressure India into a bilateral trade agreement on U.S. terms. Russia accounted for 30.3% of India's crude oil imports in 2025-26, valued at approximately $40.8 billion.