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Trump signs Russia sanctions bill authorizing 100% tariffs
The Indian Express··19 Sept
US President Donald Trump signed the Russia sanctions bill into law on September 18, 2026, the White House said. The act authorizes tariffs up to 100% on countries buying Russian oil and gas, including India and China. It targets Russia's energy sector and shadow tanker fleet. The law takes effect within 30 days of signing.
Prism
What It Means For You
- Countries among Russia's top five oil buyers could face US tariffs up to 100% once the law is implemented.
- India's external affairs ministry said it would take measures to protect trade interests after the signing.
- Tariff rates and waivers depend on presidential discretion under the new statute.
What's Happening
- The Lindsey O. Graham Sanctioning Russia and Iran Act passed the House on September 16, 2026.
- It expands sanctions on Russia's leadership, energy sector and shadow fleet operators.
- Ukrainian President Volodymyr Zelenskyy thanked Trump and Congress after the bill became law.
How the tariff trigger works
- The House passed the bill 262-159 after Senate approval last month.
- Imports below 15% of Russia's gas exports may qualify for exemptions with reduction steps.
- India warned on Thursday the legislation could affect bilateral ties and energy markets.
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