US Congress Passes Russia Sanctions Squeezing China and India Oil Trade
The US House has passed a new round of sanctions on Russia's oil trade, explicitly designed to penalise countries that keep buying Russian crude, chiefly China and India. Separately, Washington is threatening India with a 100% tariff unless it curtails those purchases, escalating a trade dispute that has simmered since earlier this year. If your supply chain, shipping interests or finances touch Russian energy exports, the compliance bar has just risen sharply. Secondary-sanctions risk now reaches further into Asian trade corridors, insurance and banking relationships. Firms operating in or through India should expect short-term swings in energy prices, possible retaliation from New Delhi and disruption to bilateral trade. Compliance and security teams should recheck counterparty due diligence, particularly for shipping, insurance and commodities traders handling Russian-linked cargo, and follow secondary-sanctions guidance closely. The vote also shows Washington is still willing to use trade policy as a weapon against third countries. Build that into longer-term supply chain and market-access planning for Russia-adjacent jurisdictions.