US tariffs against Russian oil buyers pass: What it means for China, India

United States Congress has passed a bill that gives President Donald Trump sweeping powers to impose sanctions on Russia’s crude exports as well as steep tariffs on buyers of Russian energy, a measure which will impact Moscow’s biggest customers, China and India.The legislation, passed in the House of Representatives on Wednesday and sent to Trump to sign into law, is the most significant US action against Moscow since the president’s return to the White House.Recommended Stories list of 3 itemslist 1 of 3NATO downs drone over Lithuania, ‘probably’ launched by Russialist 2 of 3Eto’o could face Cameroon probe over alleged Russia paymentlist 3 of 3Can China play peacemaker as Iran’s foreign minister heads to Beijing?end of listHere is what we know:What is the law about?The “Lindsey O Graham Sanctioning Russia Act of 2026”, named after the late senator who was a staunch supporter of Ukraine up until his death in July, is designed to curtail the economic pipeline that has enabled Russia to fund its war against Ukraine, now in its fifth year.Major provisions include new sanctions on Russian President Vladimir Putin as well as on more than 20 top officials and companies that work with th...