US eases Russia sanctions bill, cuts tariff threat on India and China from 500% to 100%

The United States has eased a proposed Russia sanctions bill, reducing the threatened tariffs on India and China from 500% to 100%. The bill, backed by President Donald Trump, targets countries that import Russian oil. The original 500% tariff threat had drawn significant attention, particularly in India. The revised measure aims to penalize nations supporting Russia's energy sector while avoiding the most extreme trade penalties.