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- Subscribe now NEW DELHI: The Russia Sanctions Bill, which authorizes the US president to impose a punitive 500% import duty on countries that buy oil from Russia, has gained fresh momentum after Donald Trump signalled his support for the legislation.
- Mint examines what the bill proposes, why it has resurfaced and what it could mean for India.
- What is the Russia Sanctions Bill?The bill, spearheaded by Republican senator Lindsey Graham, seeks to penalize countries that import petroleum products from Russia.
- The US government has argued that revenues from oil sales are helping finance Russia’s war against Ukraine.
