EconomyIndia faces 100% tariff threat over Russian oil after US House vote
The US House has passed legislation allowing Donald Trump to impose tariffs of up to 100% on countries buying Russian oil and gas. India, a major Russian crude customer, could face higher costs if it switches suppliers, while the threat may also affect Indian exports to the US, the rupee, refinery margins and the trade balance.
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BBC News★★★★☆2026-09-17 05:33Original
India faces 100% tariff threat over Russian oil after US House vote
Economy