Bill threatening 500% US tariff on India for Russia oil trade gets Trump’s nod

US President Donald Trump has "greenlit" the bipartisan Russia Sanctions Bill, which could be used to penalise Moscow's trading partners, including India, China and Brazil, over their purchase of Russian oil, said Republican Senator Lindsey Graham, a prominent defence hawk.

If passed, the Graham-Blumenthal sanctions bill would authorise the US President to levy up to 500 per cent tariffs on nations that knowingly purchase Russian oil or uranium and "fuel Russian President Vladimir Putin's war machine". The hard-hitting sanctions package is meant to economically cripple Moscow as the Trump administration continues to negotiate a deal to end the war that began with Russia's invasion of Ukraine. 

Graham said he met with Trump at the White House on Wednesday, during which the President extended his support to the bill that has been in the works for months. The development was also confirmed by a White House official while talking to the Associated Press.

"This will be well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent," Graham said in a statement.

Graham said there could be a vote as early as next week, although it's unclear how likely that will be. The Senate is poised to take up a scaled-back government funding package next week that the House is currently considering, if the House passes it. The following week is a Senate recess timed to Martin Luther King Jr Day.

About The Russia Sanctions Bill

The bill, chiefly written by Graham and Democratic Senator Richard Blumenthal, allows the administration to impose tariffs and secondary sanctions up to 500 per cent on countries that purchase Russia's oil, gas, uranium and other exports. Doing so is meant to cut off the source of financing for much of Russia's military actions.

The White House has previously insisted on some revisions and flexibility for Trump in the sanctions package, but it is not clear whether any changes were secured.

The legislation has dozens of co-sponsors in the Senate, as well as a companion bill in the House, drafted by Republican Representative Brian Fitzpatrick.

The Trump administration is currently trying to finalise a peace deal to end the war in Ukraine, now nearly four years old, with special envoy Steve Witkoff and Jared Kushner, Trump's son-in-law, as the U.S. president's chief negotiators.

Mangaluru: In a decisive move aimed at reshaping the economic future of the Beary community, the Bearys Chamber of Commerce and Industry (BCCI) formally launched its Youth Wing at a well-attended ceremony held at Ocean Pearl Hotel, Mangaluru on January 6. Bringing together business leaders, professionals, policymakers, and young aspirants, the event highlighted a shared resolve to build the community through entrepreneurship.

Delivering the keynote address, BCCI General Secretary Mohammed Imthiyaz outlined the motivation behind the formation of the chamber and its newly launched Youth Wing. He candidly spoke about the structural and mindset gaps that have historically held back the Beary community as a business force when compared to other established trading communities in India. These shortcomings, he said, can only be addressed through focused mentoring, collective effort, and by encouraging the younger generation to think beyond conventional boundaries.

“The future lies in empowering our youth to lead from the front and position the Beary community among India’s strongest business communities,” he said.

Guest speaker Yezdani Feroze delivered a thought-provoking address, asserting that the Beary community has the potential to lead Indian Muslims through trade and entrepreneurship. He stressed that success is not merely a reward for hard work, but for clear thinking, describing entrepreneurs as “professional thinkers.”

“The ummah cannot afford to produce more job seekers,” he said. “We need job creators, innovators, and history makers.”

Highlighting the power of ideas, Feroze reminded the audience that every invention—from mobile phones to everyday furniture—was once just an idea someone chose not to abandon. He called for the establishment of idea forums to nurture young entrepreneurs and help transform concepts into viable enterprises.

The programme also featured the felicitation of M A Gafoor, newly appointed Chairman of the Coastal Development Authority, and Shahid Thekkil, Chairman of the Karnataka Minimum Wage Board Commission. Thanking the organisers, Gafoor reaffirmed his commitment to the development of coastal Karnataka, with a special focus on boosting tourism. Shahid Thekkil expressed confidence that BCCI would play a pivotal role in producing a new generation of entrepreneurs from the community.

Presiding over the event, S M Rashid Haji officially announced the inauguration of the Youth Wing and emphasised that the initiative goes far beyond symbolic launches or routine meetings.

“This is about building entrepreneurs and investing in long-term community development,” he said.

Four coordinators were appointed to lead the Youth Wing: Zeeshan Ramlan (CEO, Talentzy), Ashhar Abdul Razak (Hajjaj Group), Ayaan Haris, and Muhammed Shahbaz.

The event brought together prominent business leaders, professionals, policymakers, and young aspirants, underscoring a shared vision of entrepreneurship-led community growth. 

Earlier, the programme included the recitation of the Holy Quran by Badruddin Panambur. Nissar Fakeer Mohammed, Secretary of BCCI, welcomed the gathering and served as the Master of Ceremony. The event concluded with a vote of thanks by BCCI Treasurer Mansoor Ahmed.

Mangaluru: In a strong pitch for redefining the economic future of coastal Karnataka, Deputy Chief Minister D K Shivakumar on Saturday lamented that the region’s vast natural wealth and tourism potential remain largely underutilised, forcing thousands of coastal youth to migrate outside the state and even abroad in search of opportunities.

Speaking in Mangaluru, Shivakumar said the coastal belt—stretching from Mangaluru to Karwar—continues to be one of Karnataka’s most scenic and resource-rich zones, yet local communities are not benefiting proportionately.

“Our beaches, backwaters, forests and culture are unmatched. But people from Mangaluru and other coastal districts continue to move out because we have not capitalised on what we already have,” he said.

Emphasising the talent of the younger generation, he noted that youth from coastal Karnataka are excelling in countries across the world. “They are brilliant, skilled and globally competitive. Our priority must be to create conditions where they can build their future here, not somewhere else. Our identity should shine on our own soil,” he asserted.

Shivakumar revealed that the state government has finalised a new tourism policy aimed at transforming Karnataka—particularly the coast—into a major tourism hub.

As part of the rollout, meetings will be held with investors, builders, tourism operators, entrepreneurs and local business communities.

“The government will extend full support to tourism development. Before implementing the policy, we will take inputs from stakeholders across Karnataka, especially from the coastal belt. Locals should be the prime beneficiaries of tourism growth,” he said.

He stressed that development must be driven by local capability, local enterprise and local initiative, ensuring that economic gains stay within the region rather than drifting outward.

Shivakumar added that Chief Minister Siddaramaiah is scheduled to visit later in the evening, urging those with concerns or suggestions regarding coastal tourism and youth opportunities to raise them directly during the visit.