NDTV·2 min read·medium
Relief For India, China As US Eases 500% Russian Oil Tariff Threat
✦AI Summary
The United States has eased its threat of a 500% tariff on Russian oil, providing relief to nations like India and China. The updated policy includes exemptions for countries that are actively reducing their reliance on Russian natural gas.
The updated version also allows an exception for countries that import less than 15 per cent of Russia's natural gas exports and are taking significant steps to reduce those imports, which could exempt Japan, France, Hungary, and Belgium.
politicsbusinessworld
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in