US President Trump signs new Russia sanctions bill into law
US President Donald Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law. The sweeping legislation targets Russia's energy and defense sectors, senior officials, and its shadow fleet of oil tankers to restrict funding for the war in Ukraine.
Why it matters
The law grants the president authority to impose tariffs of up to 100% on major buyers of Russian oil and gas, which is expected to heavily impact top importers China and India.
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