A new law has been enacted permitting steep tariffs of up to 100 percent on key importers of Russian oil, targeting major buyers such as China and India. The move aims to pressure Moscow’s energy exports amid ongoing geopolitical tensions and sanctions. Analysts suggest the policy could disrupt global oil markets by altering supply chains and trade dynamics. The decision follows broader efforts to limit Russia’s revenue streams while navigating shifting alliances in international trade.
New law allows tariffs of up to 100 percent on major buyers of Russian oil, including China and India.
