Trump signs Graham bill imposing 100% tariffs on Russian energy exports. The law authorizes up to 100% tariffs on top five purchasers of Russian oil and gas, targeting China and India. The bill also extends to Iran's energy and weapons sectors.
The bill, named after Sen. Lindsey Graham, targets Russia's economy by punishing major buyers of its oil and gas. It includes sanctions against Putin, Russian government officials, banks, and shadow fleet tankers. The law allows up to 100% tariffs on imports from countries importing less than 15% of their natural gas from Russia.
The legislation, supported by Ukrainian President Zelensky, aims to pressure Russia over its invasion of Ukraine. It includes measures to reduce Russia's reliance on global energy markets and addresses concerns about Trump's power to impose tariffs without oversight.