A new US sanctions bill could impose steep tariffs on countries buying Russian oil and gas, including India. The measure raises the prospect of higher export costs as Washington increases pressure on Moscow.

The US House of Representatives voted to advance a bill that would authorise President Donald Trump to impose 100 per cent tariffs on India and other countries for buying oil and gas from Russia and extend existing sanctions on Iran.

The US House of Representatives voted to advance a bill that would authorise President Donald Trump to impose 100 per cent tariffs on India and other countries for buying oil and gas from Russia and extend existing sanctions on Iran.