US Bill Could Bring 500% Tariffs on India Over Russian Oil Trade

Raga News Zone | International Desk

A proposed bill in the United States Congress has sparked global concern after it suggested imposing tariffs as high as 500 per cent on countries that continue to import oil and energy products from Russia. India, along with several other major economies, could be impacted if the legislation is passed.

The bill, aimed at tightening pressure on Russia over the Ukraine conflict, seeks to discourage nations from maintaining trade ties with Moscow, particularly in the energy sector. Under the proposal, the US administration would be empowered to levy extremely high import duties on goods coming from countries that continue purchasing Russian crude oil.

India has significantly increased its imports of Russian oil in recent years, citing energy security and cost concerns. New Delhi has consistently maintained that its energy decisions are driven by national interest and market dynamics, and that it does not support unilateral sanctions.

Trade experts warn that a 500% tariff, if enforced, could severely disrupt global trade, raise costs for exporters, and escalate trade tensions between major economies. Indian exporters, especially those dependent on the US market, could face serious challenges if such measures come into force.

While the bill is still at a proposal stage and must pass through the US legislative process, its mere introduction has triggered debates on international trade norms, sovereignty, and the long-term impact on global supply chains.

The Indian government is closely monitoring developments and is expected to engage in diplomatic discussions to safeguard its economic interests.

More updates are on the way—stay tuned with Raga Zone.