US eases Russia sanctions bill, cuts tariff threat on India and China from 500% to 100%

AI Summary

The US Senate introduced a revised sanctions bill targeting Russia’s major energy importers, including China and India, reducing tariff threats from 500% to 100%. The bill also targets Russia’s shadow fleet and related financial institutions as part of efforts to pressure Moscow politically.

US senators unveiled a revised Russia sanctions bill targeting major energy buyers. This legislation seeks to pressure Moscow and its key oil and gas importers. The updated bill reduces previously proposed tariffs on top purchasers like China and India. It also targets Russia's shadow fleet and financial institutions involved in its war. This measure aims to secure broader political support and honor Senator Lindsey Graham's legacy.