• Latest
  • Trending
  • All
  • Sport
  • Cricket
  • Odisha
Bill Threatening 500% Tariff On India For Russia Oil Trade Gets Trump’s Nod

Bill Threatening 500% Tariff On India For Russia Oil Trade Gets Trump’s Nod

11 hours ago
Bomb Hoax At Courts: Odisha CM Directs Police To Issue SOP, Strengthen Squads

Bomb Hoax At Courts: Odisha CM Directs Police To Issue SOP, Strengthen Squads

59 minutes ago
‘Unacceptable Suppression’: Producers’ Association Seeks PM Modi’s Intervention Over ‘Dhurandhar Ban’ In Middle East

‘Unacceptable Suppression’: Producers’ Association Seeks PM Modi’s Intervention Over ‘Dhurandhar Ban’ In Middle East

1 hour ago
Odisha Road Transport Corporation Puts 3 Officials Out Of Duty, Halts Salaries

Odisha Road Transport Corporation Puts 3 Officials Out Of Duty, Halts Salaries

1 hour ago
Odisha beach soccer final

Odisha Girls A Win Away From Retaining Khelo India Beach Soccer Title

1 hour ago
KIIT

Bhubaneswar’s KIIT 5th Best University In India In Attracting Foreign Students

2 hours ago
Odisha Minister Asks IOCL To Fast-Track Paradip Naptha Cracker & Bhadrak Yarn Projects

Odisha Minister Asks IOCL To Fast-Track Paradip Naptha Cracker & Bhadrak Yarn Projects

2 hours ago
‘What A Banger’: Internet Reacts As ‘Dhurandhar’ Title Track Features In Bhangra Performance At NBA Game

‘What A Banger’: Internet Reacts As ‘Dhurandhar’ Title Track Features In Bhangra Performance At NBA Game

2 hours ago
Odisha Clears Rs 55783 Cr Industrial Investments; JSW Group’s Mega Steel Plant Among Approved Projects

Odisha Clears Rs 55783 Cr Industrial Investments; JSW Group’s Mega Steel Plant Among Approved Projects

2 hours ago
Ticket Prices Of Prabhas-Starrer ‘The Raja Saab’ Hiked Ahead Of Its Release

Ticket Prices Of Prabhas-Starrer ‘The Raja Saab’ Hiked Ahead Of Its Release

2 hours ago
Russia flagged tanker had 3 Indians

3 Indians Among 28 Crew Members On Russian-Flagged Oil Tanker Seized By US: Report

2 hours ago
‘Border 2’ Producer Lashes Out At Anti-Nationals For Paid Smear Campaign Against Varun Dhawan

‘Border 2’ Producer Lashes Out At Anti-Nationals For Paid Smear Campaign Against Varun Dhawan

3 hours ago
Riteish Deshmukh & Vivek Oberoi’s Adult Comedy ‘Mastiii 4’ In Legal Trouble Over Plagiarism

Riteish Deshmukh & Vivek Oberoi’s Adult Comedy ‘Mastiii 4’ In Legal Trouble Over Plagiarism

3 hours ago
  • Home
  • About us
  • Career
  • Contact
  • Privacy Policy
  • Terms of Usage
Thursday, January 8, 2026
No Result
View All Result
OdishaBytes
  • Home
  • Odisha
    • Policy & Politics
    • City
  • India
  • Sport
    • Cricket
    • Football
    • Hockey
    • IPL
  • Entertainment
    • Music
    • Movie Review
    • Television
    • Bollywood
    • Hollywood
    • Ollywood
  • Business
  • Lifestyle
    • Travel
    • Food
    • Health
    • fashion
  • World
  • More
    • News You Can Use
    • Good News
    • Viral Videos
    • Tech
      • Cars & Bikes
      • Mobile & Gadgets
      • Review
  • Home
  • Odisha
    • Policy & Politics
    • City
  • India
  • Sport
    • Cricket
    • Football
    • Hockey
    • IPL
  • Entertainment
    • Music
    • Movie Review
    • Television
    • Bollywood
    • Hollywood
    • Ollywood
  • Business
  • Lifestyle
    • Travel
    • Food
    • Health
    • fashion
  • World
  • More
    • News You Can Use
    • Good News
    • Viral Videos
    • Tech
      • Cars & Bikes
      • Mobile & Gadgets
      • Review
No Result
View All Result
OdishaBytes
No Result
View All Result
Home World

Bill Threatening 500% Tariff On India For Russia Oil Trade Gets Trump’s Nod

Trump Directs US Withdrawal From 66 Organisations, Including UN Climate Convention

by OB Bureau
January 8, 2026
in World
Reading Time: 3 mins read
Bill Threatening 500% Tariff On India For Russia Oil Trade Gets Trump’s Nod

File photo

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Washington: US President Donald Trump has endorsed a bipartisan sanctions bill aimed at strengthening economic pressure on Moscow by threatening punitive tariffs of up to 500 per cent on countries that continue to buy Russian oil and related products, according to reports. This move can dramatically affect major energy importers such as India and China. He also reportedly signed a presidential memorandum directing the United States to withdraw from 66 international organizations and treaties, including the United Nations Framework Convention on Climate Change and the Intergovernmental Panel on Climate Change.

The legislation, known as the Russia Sanctions Bill and co-sponsored by Republican Senator Lindsey Graham and Democratic Senator Richard Blumenthal, would empower the US president to levy steep tariffs and other secondary sanctions on nations that “knowingly purchase” Russian crude, uranium or petroleum products. Its supporters describe it as a tool to weaken Russia’s financial ability to sustain its military operations as the Ukraine war continues.

ADVERTISEMENT

Senator Graham, a key architect of the bill, said he discussed it with Trump at the White House on Wednesday, and indicated that a Senate vote could be scheduled as early as next week, reported NDTV World. A White House official, as quoted by AFP, also confirmed the president’s backing of the legislation, underscoring Washington’s intent to intensify economic measures against Moscow.

“This will be well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent,” Graham said in a statement, reported NDTV World.

Implications for India and global trade

Under the bill’s provisions, countries that maintain large volumes of Russian energy imports could face punitive duties on their exports to the United States. India, which has been one of the largest buyers of discounted Russian crude, along with China and several other countries, is explicitly cited as a nation that could be affected if the legislation becomes law.

The threat of such high tariffs has already injected tension into U.S.–India ties. In 2025, Washington imposed tariffs of up to 50 per cent on certain Indian imports, including penalties tied to India’s energy purchases from Russia — a decision New Delhi called “unfair, unjustified and unreasonable.” India has framed its Russian oil purchases as necessary for its energy security and economic stability.

The potential for sweeping tariff penalties has elicited diplomatic responses beyond Washington and New Delhi. Poland’s Foreign Minister Radosław Sikorski voiced support for India in the face of the US threat, expressing satisfaction that India has reduced its Russian oil imports and affirming continued cooperation after engagements with Indian leaders in Europe.

Reactions on withdrawal of the United States from the bedrock global treaty

“President Trump’s withdrawal of the United States from the bedrock global treaty to tackle climate change is a new low and yet another a sign that this authoritarian, anti-science administration is determined to sacrifice people’s well-being and destabilize global cooperation. But forward-looking U.S. states and the rest of the world recognize that devastating and costly climate impacts are mounting rapidly, and collective global action remains the only viable path to secure a livable future for our children and grandchildren. Withdrawal from the global climate convention will only serve to further isolate the United States and diminish its standing in the world following a spate of deplorable actions that have already sent our nation’s credibility plummeting, jeopardized ties with some of our closest historical allies, and made the world far more unsafe,” said Rachel Cleetus, policy director and lead economist for the Climate and Energy Program at the Union of Concerned Scientists (UCS), as quoted by Hindustan Times.

 

Share196Tweet123
ADVERTISEMENT
OB Bureau

OB Bureau

Related Posts

Russia flagged tanker had 3 Indians

3 Indians Among 28 Crew Members On Russian-Flagged Oil Tanker Seized By US: Report

by OB Bureau
January 8, 2026

New Delhi: A Russian-flagged oil tanker that was seized by the US military on Wednesday had a crew of 28...

Cocaine seized from Indian truckers in US

2 Indian Truckers, Both Illegal Immigrants, Arrested In US With 140 Kg Cocaine Worth $7 Million

by OB Bureau
January 8, 2026

New York: Two Indian truckers have been arrested in the United States, with police seizing around 309 pounds (140.1 kg)...

Oil Prices Fall After Trump Says Venezuela Will Send Up To 50m Barrels To US

Oil Prices Fall After Trump Says Venezuela Will Send Up To 50m Barrels To US

by OB Bureau
January 7, 2026

Washington: Global oil markets fell on Wednesday after US President Donald Trump announced that Venezuela would transfer between 30 million...

Nestle

Nestle Recalls Several Baby Formula Products Over Toxin Fears

by OB Bureau
January 6, 2026

London: Food and beverage giant Nestle on Tuesday recalled some of its popular baby nutrition products. The reason is extremely concerning...

OdishaBytes

Copyright © 2025 Frontier Media

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • News Feed

Follow Us

No Result
View All Result
  • Home
  • Odisha
    • Policy & Politics
    • City
  • India
  • Sport
    • Cricket
    • Football
    • Hockey
    • IPL
  • Entertainment
    • Music
    • Movie Review
    • Television
    • Bollywood
    • Hollywood
    • Ollywood
  • Business
  • Lifestyle
    • Travel
    • Food
    • Health
    • fashion
  • World
  • More
    • News You Can Use
    • Good News
    • Viral Videos
    • Tech
      • Cars & Bikes
      • Mobile & Gadgets
      • Review

Copyright © 2025 Frontier Media