The United States is considering heavy tariffs on countries that buy Russian oil, and President Donald Trump has hinted they could reach up to 100 percent. He said the money Russia earns from selling oil to China and India is helping fund the war in Ukraine, and stopping those sales is the only way to weaken Moscow’s war machine.
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Trump discussed the plan with European Union officials and made it clear the US wants the EU to join in before moving ahead. The EU is already preparing a new round of sanctions, with Germany and France pushing to target Russian oil giant Lukoil.
Trump has also warned of more sanctions after Russia’s latest strikes on Ukraine, saying all options remain open to increase pressure on Moscow.
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US officials said the decision will depend on coordination with European partners, stressing joint action is key to making the tariffs effective. Analysts believe such measures could reshape global oil trade and put extra pressure on countries still buying from Russia.