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China India Trade

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Trump Signs Graham Sanctions Law, Granting 100% Tariff Power Over Russian Oil Buyers
politics24 days ago

Trump Signs Graham Sanctions Law, Granting 100% Tariff Power Over Russian Oil Buyers

US President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law on September 19, 2026. The legislation imposes sweeping sanctions on Russian officials, banks, and energy sectors while granting the executive branch authority to impose tariffs of up to 100 percent on the five largest buyers of Russian oil and gas. This measure primarily targets China and India, the top importers of Russian crude, and extends penalties to Iran’s energy and weapons sectors. The bill passed Congress with rare bipartisan support, marking the first major Ukraine-related legislative action in over two years.

Trump Signs Sweeping Russia Sanctions Law, Granting 100% Tariff Power Over Energy Buyers
politics25 days ago

Trump Signs Sweeping Russia Sanctions Law, Granting 100% Tariff Power Over Energy Buyers

US President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, a 48-page bill passed by the House with bipartisan support. The legislation authorizes tariffs of up to 100% on the top five purchasers of Russian oil and gas, primarily targeting China and India. It also expands sanctions on Russian financial institutions, Vladimir Putin, and Iran’s energy and weapons sectors. While Ukraine and pro-Ukraine lawmakers hailed the move as a critical tool to choke off Moscow’s war funding, Democratic leaders warned the broad executive authority could harm American consumers through inflation. The bill includes exceptions for nations reducing Russian gas dependency by less than 15%.