Trump Signs Russia Sanctions Bill, India and China Face Up to 100% Tariff Risk
Washington, Sept. 19 -- US President Donald Trump has signed into law a sweeping sanctions package targeting Russia, giving the administration additional powers to impose tariffs of up to 100 per cent on major buyers of Russian oil and natural gas, including India and China.
The legislation, formally titled the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, was signed on September 18, two days after it cleared the US House of Representatives by a 262-159 vote. The US Senate had approved the measure 86-11 in August.
The new law expands sanctions targeting Russian officials, financial institutions, energy interests and the country's so-called shadow fleet of tankers used to transport oil while attempting to circumvent existing...
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