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US Senate Passes Lindsey O. Graham Sanctioning Russia and Iran Act, 2026
The US Senate has passed the Lindsey O. Graham Sanctioning Russia and Iran Act, 2026, to sanction Russia and key buyers of its petroleum products, including India. The bill has yet to be ratified in the US House of Representatives.
Lindsey O. Graham Sanctioning Russia and Iran Act, 2026:
| Dimension | Key Details |
|---|---|
| Legislative status | The bill has been passed by the US Senate and has yet to be ratified in the US House of Representatives. |
| Coverage | The bill applies to Russia and key buyers of its petroleum products, including India. |
| Authority empowered | The bill authorises President Donald Trump to impose tariffs on goods from specified countries. |
| Quantitative limit | The bill authorises tariffs of up to 100%. |
| Countries listed | The bill comprises five countries: 1. China, 2. India, 3. Azerbaijan, 4. Hungary, and 5. Slovakia. |
| Stated implication for India | The bill authorises additional tariffs that could put Indian exports to the US at risk and could affect bilateral trade. |