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<h1>US-backed tariff threat on Russian oil fuels trade fears, pushing major Indian indices down amid foreign outflows.</h1> US political backing for legislation that could impose 500 per cent tariffs on countries buying Russian oil is identified as a regulatory lever to deter purchases of discounted Russian crude; that prospective trade policy risk, together with persistent foreign institutional investor outflows, prompted near-1% declines in major domestic equity benchmarks and concentrated selling in metal, oil & gas, and commodity stocks while some financial and defense stocks gained.