Trump Signs Russia Sanctions Bill with 100% Tariff Authority
President Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act into law, granting the administration statutory authority to impose up to 100% tariffs on major buyers of Russian energy and entities aiding sanctions evasion. The legislation, which passed with strong bipartisan support, also extends Iran sanctions through 2031 and targets key Arctic LNG infrastructure, though its final impact depends on presidential discretion regarding waivers.
According to rferl.org, the bill specifically targets the five largest importers of Russian crude and gas, along with the 'shadow fleet' and major Arctic LNG projects like Yamal and Arctic LNG 2. Crucially, the law grants the president the discretion to waive these measures in the national interest, meaning the 100% tariff authority does not automatically apply to nations like China or India without further executive action.
Source: rferl.orgNew legislation targets Russian energy buyers and extends Iran sanctions, with key implications ahead of the US-China summit.
Source: turkiyetoday.com
