Event Brief
Jul 29, 2026 at 5:04 PM ET
Senate fast-tracks act for potential 100% tariffs on India
By The BriefBrief
The U.S. Senate fast-tracked the Sanctioning Russia and Iran Act of 2026, which could impose 100% tariffs on India for Russian oil imports.
WHO: U.S. Senate
WHAT: Fast-tracked the Sanctioning Russia and Iran Act of 2026 that could impose 100% tariffs on India for Russian oil imports
WHEN: Jul 29, 2026 at 11:35 AM ET
WHERE: USA
WHY: To deprive Russia of resources to finance its war against Ukraine, with India accounting for a large share of Russia’s oil exports.
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