India, Jan. 9 -- US President Donald Trump will support a new Russia sanctions bill that could hike tariffs on goods and services from India and other countries that buy Russian oil to 500%, said US Senator Lindsey Graham on Wednesday.

The bill -- known as the Sanctioning Russia Act of 2025 --has acquired 84 co-sponsors in the US Senate and could be put to a vote in the Senate as early as next week.

Indian goods exports to the United States grew to roughly $7 billion in November, a 22% increase over the previous year despite tariffs being raised to 50% by Trump in August over purchases of Russian oil. However, experts said, a 500% tariff on Indian goods and services would effectively shut down Indian exports to the US.

"This bill will ...