Summary
President Donald Trump signed a new law that imposes strong sanctions on Russia by targeting countries that buy its oil and gas. The law also applies sanctions to Iran’s energy and weapons sectors and includes measures against Russian leaders and companies.Key Facts
- The law allows President Trump to charge up to 100% tariffs on the top five buyers of Russian oil and gas, including China and India.
- Countries importing less than 15% of their natural gas from Russia and working to reduce it may be exempt from some sanctions.
- The bill targets Russian President Vladimir Putin, top officials, banks, and a group of ships used to avoid sanctions.
- The law is named after Senator Lindsey Graham, who died in July and was a strong supporter of Ukraine.
- Senator Richard Blumenthal called the sanctions "scorching" and aimed to weaken Russia’s war efforts.
- China bought 50% and India 37% of Russian crude oil exports from December 2022 to August 2026.
- Ukrainian President Volodymyr Zelensky supported the bill and praised its approval as symbolic after a Russian attack on Ukraine.
- Senator Lindsey Graham pushed for tougher U.S. action on Russia before his death due to heart disease.
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