Neutral impactEconomy

India studying details of US tariffs on Russian oil buyers: Piyush Goyal

Economic Times 1 hr ago·21 Sept 2026, 9:01 am

India is examining details of potential US tariffs on Russian oil buyers, Piyush Goyal says. Washington is increasing pressure on nations still purchasing Russian energy resources. A new US law allows tariffs up to 100% on Russian oil and gas importers. Major buyers like India and China face potential higher duties on their US exports. The legislation takes effect within thirty days, impacting global energy trade.

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