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Analysis

A new US law can put 100 percent duties on big buyers of Russian oil

The Hindu BusinessLine, via PTI on 19 September, said the law takes effect within 30 days of signing and can require duties of up to 100 percent on goods from the top five purchasers of Russian crude or gas. The Times of India the same day said President Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act on Friday, and that the 100 percent rate is not automatic for India.

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Editorial illustration of US President Donald Trump closing a signed, textless leather folder in a bright formal room

Thirty days after the signature

The Hindu BusinessLine, citing PTI on 19 September 2026, said the statute takes effect within 30 days of signing and can require duties of up to 100 percent on goods from the top five purchasers of Russian crude or natural gas. That is a trigger window, not a customs notice already posted at an India port. Those pages stop at the figures they printed.[1]

Signed on Friday, not auto-applied to India

The Times of India wrote on 19 September 2026 that President Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act on Friday. The same page said the act can allow tariffs of up to 100 percent on goods from major buyers of Russian oil without automatically imposing that rate on India. Those pages stop at the figures they printed.[2], [1]

What exporters are watching

Both India pages treat the 100 percent figure as a ceiling the statute can open, not as a duty already collected. Neither page here publishes a list of the top five purchasers or a rupee estimate of lost orders. The risk is legal capacity, not a posted tariff schedule. Those pages stop at the figures they printed.[1], [2]

References

  1. News sourceThe Hindu BusinessLineIndian exporters worry about a US law allowing duties of up to 100 per cent↩1↩2↩3
  2. News sourceThe Times of IndiaIndian exporters face a US law allowing duties of up to 100 per cent↩1↩2