US eases Russia sanctions bill, cuts tariff threat on India and China from 500% to 100%

The US has softened its proposed Russia sanctions bill, lowering tariffs from 500% to 100% for major energy buyers like China and India, likely to gain more political backing. This revision targets Russia's shadow fleet and financial institutions linked to its war efforts, aiming to apply more pressure on Moscow. The move is partly to secure broader support and pay tribute to Senator Lindsey Graham's efforts. This shift could influence global energy markets and international relations, especially as India and China are key players in global energy trade.