India, Jan. 8 -- India could be staring at a fresh trade shock from the US as it moves closer to passing a hard-hitting Russia sanctions bill. The proposed legislation, backed by US President Donald Trump, targets not just Moscow but also countries that continue to buy Russian oil.

For India, this could mean a dramatic jump in tariffs from the current 50% to as high as 500%, raising serious concerns for exporters, policymakers, and bilateral trade ties in 2026.

The US is pushing a powerful new sanctions bill aimed at Russia and its trading partners, with India facing possible tariffs as high as 500% if the measure becomes law. The move represents a bold effort by the US to stop countries from buying Russian oil that the US says fuels th...