US enacts sweeping Russia sanctions, enabling 100% tariffs on top oil buyers
TL;DR Summary
US President Trump signed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, a broad sanctions package against Russia targeting its leadership, banks, energy and defense sectors, and authorizing up to 100% tariffs on the five largest buyers of Russian oil (notably China and India). The bill, backed by bipartisan support in Congress, aims to starve Moscow of war funds and push negotiations, with Zelensky praising it; India warned about energy security, and the move comes as Trump prepares to host Xi Jinping at the White House.
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