Us Sanctions

Jaishankar airs India's concerns over new tariff Act with Marco Rubio

India and the US on Wednesday discussed bilateral relations and New Delhi's concerns regarding the Sanctioning Russia and Iran Act as External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio on the sidelines of the UN General Assembly session. Jaishankar, who arrived in New York City Sunday, is leading the Indian delegation for the 81st session of the UN General Assembly. "Good to meet @SecRubio of the US #UNHighLevelWeek. Reiterated India's interests and concerns with regard to SRIA (Sanctioning Russia and Iran Act). Also discussed the Gulf and Ukraine situations," Jaishankar posted on X after the meeting. US President Donald Trump signed into law the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026" last week, which authorises him to impose tariffs of up to 100 per cent on countries buying Russian oil and gas, including China and India. In its reaction, New Delhi said that it will take all necessary steps to protect its economic interests and ensure

Ahead of Trump-Xi summit, China slams US sanctions on Russia, Iran

AICC general secretary Jairam Ramesh said this in a post on X after Trump signed the law

Only way to counter 'bully' is to resist him forcefully: Congress on Trump

The Congress on Saturday said the only way to counter a "bully" is to resist him "forcefully", after US President Donald Trump signed the Sanctioning Russia and Iran Act that seeks to impose steep levies on Moscow and its top energy buyers like China and India. AICC general secretary Jairam Ramesh said this in a post on X after Trump signed the law. "The only way to counter a bully is to resist him forcefully," he said. "On Friday, September 18, 2026, the President signed into law: H.R. 5334, the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,' which authorises and expands statutory sanctions, tariffs, and prohibitions on Russia and extends existing sanctions on Iran," the White House said. The House of Representatives on Wednesday passed the Sanctioning Russia and Iran Act, which seeks to impose sanctions on Russia's leadership and energy sector, as well as on collaborators with Moscow's defence industry and its so-called "shadow fleet". The Act also authorises Presid

Brics declaration balances tariffs, sanctions and West Asia concerns: GTRI

At the 18th Brics Summit, the New Delhi Declaration has criticised tariffs, sanctions and carbon trade measures linked to Western countries without naming them

Best of BS Opinion: Limits of 'Economic D-Day' lie at China's gates

Today's Best of BS Opinion examines US sanctions on Iran, H1N1 risks, aviation regulation, hard-to-abate sector transition plans and India's software product journey.

Four India-based companies bear the brunt of US' Iran sanctions

US sanctions four India-based firms over Iranian petroleum imports as Washington expands pressure on Tehran and warns entities doing business with Iran of retaliation

Limits of 'Economic D-Day'

Beijing is the customer of almost 90 per cent of Iran's exports of crude oil and it supplies Tehran much-needed infrastructure support and dual-use technologies

Operation Economic Outcast explained: How the US plans to isolate Iran

The US has launched Operation Economic Outcast to isolate Iran by targeting its oil, shipping, technology and financial networks, while warning countries and firms trading with Tehran of sanctions

Defiant Iran says new sanctions threatened by 'desperate' US will fail

Tehran remains defiant ahead of expected US sanctions announcement on Monday as shipping through the Strait of Hormuz remains virtually at a standstill

Why Trump sanctioned ICC President Tomoko Akane and its senior lawyer

The US says the ICC exceeded its authority by targeting officials from countries that have not accepted its jurisdiction, but the sanctions are closely tied to the court's Gaza investigation

US Senate clears Russia sanctions bill with 100% tariffs on India, China

The US Senate voted overwhelmingly to approve a bill to punish Russia and key buyers of its petroleum products, such as China and India, claiming that such trade helps fuel the Ukraine war. The bill, renamed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, was approved by the Senate by an 86-11 vote. It allows President Donald Trump to impose 100 per cent tariffs on goods from countries that are top five importers of Russian oil and gas. At present China, India, Azerbaijan, Hungary and Slovakia are top five importers of oil and gas from Russia. In addition to Russia sanctions, the bill would extend till 2031 the expiration date of the Iran Sanctions Act of 1996, which penalises companies that invest in Iran's energy sector. The bipartisan bill was championed by Republican senator Lindsey Graham, who passed away on July 11, and Democrat Richard Blumenthal. After Graham's sudden death following a trip to Kyiv, leaders across the aisle moved with renewed vigour to ensu

Engaged with stakeholders on Chabahar Port project: Govt tells Lok Sabha

As the conditional sanctions waiver granted by the US for the Chabahar Port project ended on April 26, the government is engaged with concerned stakeholders to address the implications of this development, the Lok Sabha was informed Friday. The written response from Minister of State for External Affairs Kirti Vardhan Singh came to a query regarding the current status of India's involvement in the development and operation of Shahid Beheshti Terminal at Chabahar Port in Iran. The query also sought details of the total investments made by India for the development of the port since May 2015 till March 2026. The Chabahar Port project was conceptualised to provide much-needed connectivity to Afghanistan for its reconstruction and economic development, as well as to boost trade and economic linkages of India with Central Asia, Singh said. An Indian government-owned company, India Ports Global Limited (IPGL), through its wholly-owned subsidiary, India Ports Global Chabahar Free Zone ...

Trump wants Iran tariffs added to Russia sanctions bill, risking delay

US President urges lawmakers to expand the Russia sanctions legislation to include broad tariff powers against Iran as the measure heads to the House

US fast-tracks Russia-Iran sanctions bill that could target India, China

A bipartisan group of US Senators on Tuesday agreed to fast-track the bill that would allow President Donald Trump to impose sanctions on major purchasers of oil from Russia as well as Iran, a move that would affect countries such as China and India. The provisions of the Russia sanctions bill, originally piloted by the late Republican Senator Lindsey Graham, will now also extend to restrict funding for Iran's energy and weapons sector. "We are proud to announce an agreement on legislation to stop purchasers of Russian oil and gas from fueling Putin's war machine and to continue restricting the Iranian regime's ability to support terrorism and build its nuclear programme," a group of senators from both the Democratic and Republican parties said here. An earlier version of the bill focused only on Russia. Iran has been added to the legislation on the suggestion made by Trump. The announcement was made by Democratic senators Jeanne Shaheen, Richard Blumenthal, and Republicans Darline

US Senate bill seeks 100% tariffs on India, China for buying Russian oil

A bill seeking to impose 100 per cent tariffs on five countries, including India and China, for buying Russian oil, while exempting European nations purchasing gas from Moscow, was introduced in the US Senate with the support of over 60 lawmakers. The bill, introduced on Thursday, was conceived by Democrat Senator Richard Blumenthal and late Republican Senator Lindsey Graham. It is designed to deprive Russian President Vladimir Putin of revenue used to finance the war against Ukraine by imposing mandatory sanctions on Russia's political leadership, financial institutions, energy sector, and sanctions evasion networks. Blumenthal had said on Tuesday that the proposed legislation was aimed at imposing 100 per cent tariffs on five major purchasers of Russian oil -- China, India, Slovakia, Hungary and Azerbaijan. The text of the bill introduced in the Senate on Thursday imposes tariffs on imports from countries that are the world's top five purchasers of Russian crude oil or natural ga

US revokes Iran oil sanctions waiver: What it means for global oil trade

The US cancelled a temporary waiver allowing Iranian oil sales after attacks in the Strait of Hormuz, raising concerns over global oil supplies

Clear violation of MoU: Iran condemns US revocation of oil sanctions waiver

The ministry said the decision, announced less than 20 days after the signing of the agreement, reflected what it described as Washington's 'malicious intentions, instability, and unreliability'

US removes four Indian companies from Russia-linked sanctions list

The US has de-listed four Indian companies from its sanctions list, which were accused of supplying advanced technology and equipment for Russia's military-industrial base. The companies have been deleted from the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals and Blocked Persons (SDN) List. The four companies include Hyderabad-based RRG Engineering Technologies Private Limited and Lokesh Machines Limited, Ahmedabad-based Galaxy Bearings and New Delhi-based Shaurya Aeronautics Private Limited, according to details shared by the US Department of the Treasury on Tuesday. The US had sanctioned Galaxy Bearings Ltd in October 2024, accusing it of exporting dozens of high-priority dual-use equipment, including roller bearings and roller assemblies, to Russian entities. Shaurya Aeronautics Private Ltd was sanctioned for allegedly sending shipments of radar apparatus, radio navigational aid apparatus, radio remote control apparatus and electrical apparatus to ...

US sanctions Indian firm, CEO among 8 over 'fuelling' civil war in Sudan

The US imposed sanctions on eight persons and entities, including an Indian national associated with an explosives manufacturing firm, for allegedly fuelling the civil war in Sudan. The US Treasury Department's Office of Foreign Assets Control (OFAC) on Friday said the targeted networks enabled both the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) to expand and intensify civil war in the African nation. Among the sanctioned individuals is Alok Choudhari of Raipur, the Chief Executive Officer of SBL Energy Limited, also known as Amin Explosive Private Limited, which allegedly supplied over 200 shipments of explosives and explosive-related materials to a company that maintained the SAF's arsenal. The Treasury Department also imposed sanctions on SBL Energy Limited and other firms based in Sudan and Egypt. "These networks supply weapons, explosives, and foreign fighters to both the Sudanese Armed Forces and the Rapid Support Forces. Their support has prolonged a ...

Iran rushes to woo Asia's largest oil importers after US sanctions waiver

Sellers including middlemen and representatives from the National Iranian Oil Co. made contact with refiners in India, Japan, South Korea and elsewhere even before the license was officially granted