AI Image
Trump signs sanctions bill that threatens up to 100% tariffs on top importers of Russian energy
Fortune • • nation
Key Points:
- The bill, a final legacy project of the late Sen. Lindsey Graham, passed with strong bipartisan support in both the Senate (86-11) and the House (262-159) to impose sanctions on Russia amid its ongoing war in Ukraine.
- It targets Russian officials, banks, and a shadow fleet of tankers facilitating Russian energy exports, aiming to cut off resources for Russian President Vladimir Putin's war efforts.
- The legislation directs former President Trump to impose up to 100% tariffs on the top five importers of Russian oil or natural gas, with exceptions for countries importing less than 15% of Russia’s natural gas and taking steps to reduce reliance.
- Sen. Darline Graham, Lindsey Graham’s sister and successor, expressed pride in the bill, emphasizing her brother’s belief that economic pressure on Russia could help end the war.
- Some Democrats criticized the bill for granting Trump broad tariff powers, warning it could lead to harmful new levies on the EU and other regions, potentially impacting the American economy.
