January 8, 2026
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US bill would authorize 500% tariffs on purchasers of Russian oil while the US withdraws from many international organisations.
A proposed US law would permit tariffs up to 500% on countries buying Russian oil, expanding sovereign sanctions and trade policy tools, while the US simultaneously withdrew from over sixty international organisations, altering multilateral participation. Related developments include Bangladesh suspending visa services in India, India US diplomatic engagement on counter terrorism and trade, Pakistan Saudi defence talks, and UK support for the seizure of a Russian flagged oil tanker, implicating consular, defence cooperation and maritime interdiction legal issues.