US President Endorses Bill for 500% Tariff on Countries Buying Oil from Russia

July 11, 2025

The US President has given his approval to a Bill that introduces a significant 500% tariff on countries that buy oil from Russia. This move has far-reaching implications for global energy trade, especially affecting nations heavily reliant on Russian oil. The decision comes amidst heightened tensions between the US and Russia, with energy trade being a key battleground.