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US eases Russian oil tariff proposal, offering relief to India and China

A revised US Senate Russia sanctions bill lowers the proposed tariff on countries importing Russian energy from 500% to 100%, easing potential trade pressure on India and China.

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Donald Trump

India and China have received a significant respite after US lawmakers revised a bipartisan Russia sanctions bill, reducing the proposed tariff on countries importing Russian energy from a blanket 500% to a maximum of 100%.

The revised legislation, backed by late Republican Senator Lindsey Graham and Democratic Senator Richard Blumenthal, would authorise US President Donald Trump to impose tariffs of up to 100% on major buyers of Russian oil and natural gas if the bill becomes law.

Revised bill lowers tariff proposal

The original proposal sought to impose a 500% tariff on countries continuing to purchase Russian energy. Under the updated version, the tariff has been capped at 100% for the top purchasers of Russian oil and natural gas.

The legislation is intended to increase economic pressure on Moscow over its ongoing war in Ukraine by discouraging countries from relying on Russian energy supplies.

India and China are among the world’s largest buyers of Russian crude oil. Other major purchasers include Slovakia, Hungary and Azerbaijan. In the natural gas segment, China, France, Japan, Hungary and Belgium rank among the leading importers.

Exemptions included in updated draft

The revised bill introduces an exemption for countries that import less than 15% of Russia’s natural gas exports and are making substantial efforts to reduce those imports. If the provision is retained, countries such as Japan, France, Hungary and Belgium could qualify for relief.

The legislation also proposes sanctions targeting Russia’s shadow tanker fleet, major financial institutions including the Central Bank of Russia, and key state-backed energy projects such as Yamal LNG and Arctic LNG projects 1, 2 and 3.

Additionally, the bill allows the US President to waive sanctions if doing so is considered to be in the national interest.

Negotiations led to softer provisions

According to a Senate aide quoted by media, several provisions were moderated following months of negotiations aimed at securing support from President Donald Trump.

The aide said the revised bill represents the version that has broad backing and is most likely to advance through Congress while maintaining pressure on Russia.

The legislation, originally introduced in April 2025 by Lindsey Graham and Richard Blumenthal, is expected to attract additional bipartisan support.

Trump optimistic about passage

President Trump said at the White House that the legislation could also be expanded to include sanctions targeting Iran and Hezbollah, describing it as a potentially significant measure.

He expressed confidence that the bill could eventually become law, describing it as an initiative that Senator Graham strongly supported.

However, Senator Blumenthal urged lawmakers to move ahead with the current version instead of broadening its scope, arguing that additional targets could complicate the bill’s progress.

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Putin praises PM Modi, says he has very good ideas on Ukraine war

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for repeatedly raising the need to end the Ukraine war, describing his ideas for a settlement as “very good”.

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Vladimir Putin

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for his continued efforts to promote an end to the Russia-Ukraine war, saying the Indian leader has “very good ideas” aimed at finding a mutually acceptable solution.

Putin made the remarks while addressing the Valdai Forum of international Russia experts, where he spoke about Modi’s repeated efforts to raise the issue of ending the conflict.

What Putin said about PM Modi

Putin said Modi has continued to raise the question of ending the conflict despite the close and friendly relationship between India and Russia.

According to Putin, the Prime Minister has shown a strong interest in finding a solution and has ideas that could help identify mutually acceptable ways to resolve the conflict.

Putin also described India’s position as neutral while highlighting Modi’s interest in bringing the conflict to an end through peaceful means.

The Russian president expressed gratitude to Modi for his ideas and his desire to see the conflict end as soon as possible.

Modi’s position on the Ukraine war

PM Modi has repeatedly called for dialogue and diplomacy to resolve conflicts, including during his meetings with Putin.

During their September 11 meeting in New Delhi, Modi reiterated that dialogue and diplomacy are the way forward for resolving conflicts.

Modi had also told Putin during their meeting on the sidelines of the Shanghai Cooperation Organisation summit in Bishkek that the situation needed to move from “endless war” towards an end to the war.

India has consistently maintained that conflicts should be addressed through dialogue and peaceful means, with Modi previously describing the present period as not being an era of war.

The Russia-Ukraine conflict began in February 2022 and has continued despite repeated diplomatic efforts to seek a resolution.

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S Jaishankar calls Pakistan a “serial practitioner of terrorism” at UN

S Jaishankar criticised Pakistan at the UN General Assembly, referring to a “serial practitioner of terrorism” and warning against attempts to normalise terrorism.

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S Jayshankar

External Affairs Minister S Jaishankar criticised Pakistan during his address to the 81st session of the United Nations General Assembly in New York, saying that a “serial practitioner of terrorism” had misrepresented facts and that arguments were being made to normalise terrorism. 

Jaishankar’s remarks came a day after Pakistan Prime Minister Shehbaz Sharif addressed the UN General Assembly and spoke about the 2025 military confrontation between India and Pakistan.

Jaishankar’s message to Pakistan

Referring to Pakistan without naming it directly in that remark, Jaishankar said a “serial practitioner of terrorism” had misrepresented facts before the UN General Assembly.

He said arguments were being made to normalise terrorism and claim immunity from its consequences, adding that such an approach would not stand. 

Jaishankar reiterated India’s position that the country would exercise its right to defend itself against terrorism.

He also said that friendship and goodwill could not coexist with terrorism and that understandings based on such circumstances would naturally be called into question. 

“It is for the perpetrator of terrorism to mend its ways,” Jaishankar said.

India stresses zero tolerance on terrorism

Jaishankar described terrorism as a persistent threat to peace and called for governments involved in cross-border terrorism to be held accountable.

He also stressed that there should be no dilution in India’s zero-tolerance approach towards terrorism and particularly called for greater attention to its financial aspects.

His remarks came a day after Pakistan Prime Minister Shehbaz Sharif referred to the 2025 India-Pakistan military confrontation during his UN General Assembly address. 

Jaishankar backs two-state solution for Palestine

During his UN address, Jaishankar also spoke about the situation in West Asia and said India was prepared to contribute to efforts addressing food and energy security amid continuing tensions and violence.

On the Palestine issue, he reiterated India’s longstanding support for a two-state solution.

Jaishankar said India was also contributing humanitarian assistance and relief efforts for the Palestinian people.

He also warned about continuing threats and pressures around the world and stressed the need for greater stability, security and predictability.

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Trump rejects Iran’s 7-day peace plan, says deal can come after US polls

US President Donald Trump rejected Iran’s seven-day proposal to end hostilities and indicated that a deal could come after the US midterm elections in November.

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US President Donald Trump has rejected Iran’s latest proposal aimed at bringing an end to the ongoing conflict, while indicating that a possible agreement could come after the US midterm elections in November.

Iran had proposed a seven-day framework under which hostilities could be brought to an end, the Strait of Hormuz could be reopened and negotiations over its nuclear programme could resume.

Iran’s seven-day proposal

Iranian Foreign Minister Abbas Araghchi said Tehran had put forward the proposal through intermediaries. Under the plan, the Strait of Hormuz would be reopened by the end of the seventh day if specified conditions were met, while broader nuclear discussions would restart.

The proposal was based largely on an earlier understanding reached between Washington and Tehran, but Iran sought to implement the latest framework much faster. The earlier arrangement had provided a longer period for negotiations.

The Strait of Hormuz is a strategically important waterway for global energy shipments, making its reopening a key element of any effort to ease the wider conflict.

Trump points to US midterm elections

Trump, speaking at the United Nations, showed no indication that he was ready to immediately resume negotiations on the terms proposed by Tehran.

He called for the economic isolation of Iran and said he believed a deal could be reached after the US midterm elections in November. Trump also said Iran was waiting to see how he performed in the midterm elections.

The remarks came as Iranian officials signalled that they remained open to diplomacy and described the UN General Assembly as an opportunity to revive negotiations.

Nuclear talks remain part of Iran proposal

Iran’s latest plan links the easing of hostilities with the resumption of negotiations over its nuclear programme.

The proposal follows the collapse of an earlier US-Iran arrangement. According to reporting on the latest proposal, the new framework is intended to compress the timeline for implementing commitments that had previously been discussed by the two sides.

For now, Trump’s remarks indicate that Washington is not accepting Tehran’s seven-day framework as presented, while Iran continues to put diplomacy and negotiations forward as part of its proposal.

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