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US Secondary Sanctions Plan Targets Countries Buying Russian Oil, Gas and Uranium
The Bill titled ‘The Sanctioning Russia Act of 2025’, once enacted, enables the US administration to impose steep tariffs and secondary sanctions on countries buying Russian oil, gas and uranium. The US President retains the power to waive these tariffs for up to 180 days if deemed in the U.S. national security interest.
The Sanctioning Russia Act of 2025 (Bill):
| Dimension | Key Details |
|---|---|
| Instrument | Bill titled ‘The Sanctioning Russia Act of 2025’. |
| Authority | US administration to impose steep tariffs and secondary sanctions. |
| Trigger for action | Applies to countries buying Russian oil, gas and uranium. |
| Waiver provision | Up to 180 days. |
| Waiver condition | Regulates that waiver is permitted if deemed in the U.S. national security interest. |
| India: export exposure | Potential implication that high tariffs could effectively halt India’s $120 billion annual exports to the United States. |
| Sectors as vulnerable | Textiles, Footwear, Marine products. |
| Existing tariff level | US tariffs of up to 50%. |
| Trade negotiations | Ppotential implication of weakened bargaining power in future trade pact negotiations with European Union and Gulf Cooperation Council. |
| Way ahead for India | Diversifying exports away from the US; Export Promotion Mission with increased outlay; accelerating India-EU FTA negotiations; simplified regulatory processes; rationalised duties on critical raw materials like cotton, leather, gem inputs. |