Trump Signs Russia Sanctions Bill Amid Ukraine War
publishers 7articles 7first reported 18 Sep, 22:01 UTCdeveloping since 19 Sep · 2 editions
U.S. President Donald Trump has signed the Lindsey O Graham Sanctioning Russia and Iran Act into law, authorizing new sanctions and granting him the power to impose tariffs on countries importing Russian oil and gas. The bill, named after the late Senator Lindsey Graham, passed the House of Representatives in a bipartisan 262-159 vote. According to The Guardian, the law aims to pressure Russia into ending its war with Ukraine and allows the president to impose tariffs of up to 100 percent on the top five importers of Russian oil and natural gas, including China and India, as reported by Al Jazeera English. The legislation also targets Russian officials, banks, and shadow tankers involved in transporting energy, as noted by Deutsche Welle. Critics have raised concerns over the bill’s potential to grant the president significant economic leverage. The law is intended to weaken Russia’s war effort by limiting its access to global energy markets, according to Fortune.
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