US Sanctions Bill Targets India's Russian Oil Imports, Threatening 100% Tariffs

2.78 million barrels per day — India's record crude imports from Russia in July have drawn direct fire from the US Senate, which passed a bill authorizing tariffs of up to 100% on countries buying Russian oil and gas.

Money Moves

• US Senate passes Lindsey O. Graham Sanctioning Russia and Iran Act — The bill, approved 86-11, grants the US President discretionary authority to impose tariffs on the top five importers of Russian energy: China, India,...