U.S. Weighs New Tariffs on China, India Over Russian Oil Purchases

The U.S. administration is preparing a package of punitive measures that could include new tariffs on countries purchasing Russian oil, according to people familiar with internal deliberations. The options under review would target major buyers such as China and India if forthcoming diplomatic talks aimed at curbing Moscow’s energy revenues fail to make progress. Officials are also weighing sanctions on Russian producers Rosneft and Lukoil as part of a broader effort to increase economic pressure on the Kremlin. The measures are intended to close loopholes in existing restrictions and further limit the cash flow Russia derives from crude exports. The discussion signals Washington’s readiness to escalate economic actions should negotiations stall. Details of the talks, including timing and potential tariff rates, remain under development, and the administration has not set a formal decision date.