U.S. Senators unveil bill for 100% tariffs on India, four others for buying Russian oil

U.S. Senators unveiled a bill on July 14, 2026, seeking 100% tariffs on India, China, Slovakia, Hungary, and Azerbaijan for buying Russian oil. Senator Richard Blumenthal said, "It imposes tariffs that are targeted: narrowly limited to the five major purchasers." This move aims to punish countries financing Russia’s ongoing war effort.