US extends Iran Sanctions Act until 2031 while India remains a major importer of Russian crude oil.
1 report, 1 independent
Updated Aug 8
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What happened
US extends Iran Sanctions Act until 2031 while India remains a major importer of Russian crude oil.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The House of Representatives passed the Sanctioning Russia and Iran Act, while India continues to purchase Russian energy products.Sub-event
- India purchased discounted Russian supplies while facing broader sanctions.Sub-event
US extends Iran sanctions; India remains a top importer of Russian crude.1 source
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The entities involved
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Iran
village in North Ossetia, Russia
Related events
- House of Representatives passes sanctions package targeting Russian officials and extends sanctions on Iran.
- Executive action targets Iran with levies, and sanctions on the Russian energy sector are signed into law, exposing India to tariffs on Russian oil.
- The U.S. has imposed sanctions and tariffs on Iran.
- A bill, named after Lindsey Graham, has been signed authorizing sanctions on Russian officials and energy, while also extending sanctions on Iran's energy and weapons sectors.
- US sanctions on Russia and a crisis in Iran caused a strategic Strait of Hormuz blockade, spiking global oil prices.