US President Donald Trump has officially signed a new sanctions bill targeting Russia. This legislation allows for the implementation of tariffs up to 100 percent on nations purchasing Russian oil and gas. Countries like India and China are now facing potential economic repercussions due to these sanctions.
He died in July this year shortly after returning from a trip to Kyiv. The legislation, ‘Lindsey O Graham Sanctioning Russia and Iran Act of 2026 ‘, is named after Senator Lindsey Graham – one of Ukraine’s staunch defenders in Washington. The legislation directs tariffs of up to 500 per cent on Russian goods, according to the House Ways and Means Committee. It also provides for duties of up to 100 per cent on goods from countries covered by its Russian oil and gas purchase provisions – which cover major Russian energy importers and leading facilitators of oil sanctions evasion.
Earlier reporting noted: US President Donald Trump signed a bill Friday authorizing new sanctions designed to pressure Russia over its war in Ukraine, shortly after it received congressional approval this week. Earlier reporting noted: President Donald Trump on Friday signed into law a sweeping sanctions package targeting Russian officials and key pillars of its economy that is meant to punish and pressure Moscow for its ongoing war against Ukraine. Additionally, the bill includes sanctions against Russian President Vladimir Putin and senior figures in the Russian government.
Earlier reporting noted: The legislation takes aim at Russia’s energy and defense sectors, alongside President Vladimir Putin and other senior officials.
