Trump Signs Russia Sanctions Bill Authorizing Up to 100% Tariffs on Major Oil and Gas Buyers
Source Summary
President Trump signed the Graham Act, which expands sanctions against Russia and authorizes tariffs of up to 100% on major purchasers of Russian oil and gas. The legislation targets countries including China and India that continue to buy Russian energy products.
Why it matters
The legislation establishes a new enforcement mechanism for U.S. Russia policy and creates potential trade consequences for major economies that maintain energy ties with Russia.
