• 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

9 months ago
Odisha CM Mohan Majhi To Launch 46 Industrial Projects Worth Rs 39,383 Cr Tomorrow

Odisha CM Mohan Majhi To Launch 46 Industrial Projects Worth Rs 39,383 Cr Tomorrow

3 minutes ago
UPI MDR Implementation Pushed Back To After Diwali

UPI MDR Implementation Pushed Back To After Diwali

24 minutes ago
Odisha Seeks Strict Enforcement Of ESMA To Tackle Power Utility Employees’ Strike

Odisha Seeks Strict Enforcement Of ESMA To Tackle Power Utility Employees’ Strike

44 minutes ago
Cargo Vessel Sinks After Drone Strike in Black Sea; Only One Rescued

Cargo Vessel Sinks After Drone Strike in Black Sea; Only One Rescued

53 minutes ago
Know How This Odisha University Steps Up Conservation Of Rare Ancient Manuscripts

Know How This Odisha University Steps Up Conservation Of Rare Ancient Manuscripts

1 hour ago
Two Children Die In Leopard Attacks In UP

Two Children Die In Leopard Attacks In UP

2 hours ago
Odisha Vigilance Nabs Revenue Inspector While Taking Bribe

Odisha Vigilance Nabs Revenue Inspector While Taking Bribe

2 hours ago
CRPF Officer Moves NHRC And Delhi Police On Alleged Ill-Treatment Of Women Protesters

CRPF Officer Moves NHRC And Delhi Police On Alleged Ill-Treatment Of Women Protesters

2 hours ago
SC Seeks Explanation From Delhi Police Over Alleged Assault Of Women Journalists

SC Seeks Explanation From Delhi Police Over Alleged Assault Of Women Journalists

2 hours ago
Demolition Of Brick Kilns In Eco-Sensitive Zone Opposed In Odisha’s Baleshwar

Demolition Of Brick Kilns In Eco-Sensitive Zone Opposed In Odisha’s Baleshwar

2 hours ago
Headmaster Held For Sexually Assaulting Class 6 Girl In Odisha’s Mayurbhanj

Headmaster Held For Sexually Assaulting Class 6 Girl In Odisha’s Mayurbhanj

3 hours ago
Punjab Activist Shot Dead While Exposing Alleged Drug Sale At Chemist’s Shop On Facebook Live

Punjab Activist Shot Dead While Exposing Alleged Drug Sale At Chemist’s Shop On Facebook Live

3 hours ago
  • Home
  • About us
  • Career
  • Contact
  • Privacy Policy
  • Terms of Usage
Tuesday, October 13, 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
Previous Post

Pilgrims To Pay Rs 500 For Parking At Jagannath Temple-Run Guest Houses In Odisha’s Puri

Next Post

Odisha’s Lok Bhavan Garden To Open For Public From This Week; Atal Van New Attraction

OB Bureau

OB Bureau

Related Posts

Cargo Vessel Sinks After Drone Strike in Black Sea; Only One Rescued

Cargo Vessel Sinks After Drone Strike in Black Sea; Only One Rescued

by OB Bureau
October 13, 2026

Sofia: Two more cargo vessels were struck by drones in the Black Sea off Bulgaria on Tuesday. One of them...

NSA Doval, Iranian Security Chief Rezaei Discuss Regional Tensions, Maritime Security

NSA Doval, Iranian Security Chief Rezaei Discuss Regional Tensions, Maritime Security

by OB Bureau
October 13, 2026

New Delhi: With tensions across West Asia showing no signs of easing, India’s National Security Adviser Ajit Doval and Mohsen...

Nobel winners in Economics

Robert Hall, Michael Woodford Win Nobel Prize In Economics For Work On How To Stabilise Economies

by OB Bureau
October 12, 2026

London: American-born economists Robert E. Hall and Michael Woodford won the Nobel Prize in Economics on Monday for their work...

PTI supporters march in Khyber Pakhtunkhwa

Pakistan Imposes Emergency In Khyber Pakhtunkhwa; Imran Khan’s PTI Loses Last Province

by OB Bureau
October 11, 2026

Islamabad: The last remaining government of jailed former Pakistan PM Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) was removed from power on...

Next Post
Odisha’s Lok Bhavan Garden To Open For Public From This Week; Atal Van New Attraction

Odisha's Lok Bhavan Garden To Open For Public From This Week; Atal Van New Attraction

TPWODL-Sep TPWODL-Sep TPWODL-Sep
OMC-Ad OMC-Ad OMC-Ad
SAI International School SAI International School SAI International School
OdishaBytes

Copyright © 2026 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 © 2026 Frontier Media