US senators have unveiled a revised sanctions bill backed by president Donald Trump that would impose a 100 per cent tariff on the top five major buyers of Moscow’s oil and gas, specifically targeting China and India in a bid to pressure Moscow.
The bill, spearheaded by the late Senator Lindsey Graham, has been revised to lower the maximum tariff from the blanket 500 per cent to 100 per cent, a significant reduction from the previous limit envisaged in the original bill.
