Summary
President Donald Trump signed a law that imposes strong sanctions on Russia because of its war against Ukraine. The law, supported by both parties in Congress, includes penalties on Russian leaders, banks, energy, and defense sectors, and allows tariffs on major buyers of Russian oil, like China and India.Key Facts
- The law is called the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, named after a late Republican senator.
- It was co-written by Republican Senator Lindsey Graham and Democratic Senator Richard Blumenthal.
- Sanctions target Russian President Vladimir Putin, officials, oligarchs, banks, energy, and defense sectors.
- The law allows President Trump to impose tariffs of up to 100% on the top five buyers of Russian oil and gas.
- China and India are the largest buyers of Russian oil and are most affected by the tariffs.
- The bill also extends sanctions on Iran’s energy and weapons sectors.
- The bill passed Congress with bipartisan support, including 58 Democrats voting in favor.
- Ukrainian President Volodymyr Zelenskyy praised the law as a strong tool against Russia’s war efforts.
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