India cannot and likely will not replace all the Russian crude oil it is importing despite the threat of 100% tariffs on its products in the United States, according to analysts. Earlier this month, U.S.
President Donald Trump signed into law the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,” which authorizes and expands statutory sanctions, tariffs, and prohibitions on Russia and extends existing sanctions on Iran.
The law allows the President to potentially impose trade tariffs of up to 100% on countries…