US President Donald Trump signed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, imposing 100% tariffs on top Russian oil and gas buyers including China and India. The bill targets Moscow's economy and extends sanctions against Iran.
The legislation, passed by the US House of Representatives, authorizes Trump to levy up to 100% tariffs on the top five importers of Russian oil and gas. It also sanctions Russian officials, financial institutions, and vessels involved in sanctions evasion. Graham, who died on July 11, is honored for his advocacy against Russia's invasion of Ukraine.
The bill faces bipartisan support, with Ukraine's President Zelensky praising Trump's decision. Critics warn of broad presidential authority to impose tariffs without oversight, though the law includes exceptions for countries importing less than 15% of their gas from Russia.