Donald Trump signs Russia sanctions bill targeting oil buyers and shadow fleet
Trump signs bill authorizing broad new sanctions to squeeze Russia
US President Donald Trump signed a bill on Friday that imposes new sanctions on Russia in response to the ongoing war in Ukraine. The legislation targets Russia's energy and defense sectors, Putin, and senior officials. It also includes a provision allowing Trump to impose tariffs of up to 100 percent on major buyers of Russian oil and gas, potentially affecting China and India.
The Republican-controlled House of Representatives approved the bill with a vote of 262-159 on Wednesday. The bill extends sanctions against Iran and aims to cut off revenue financing Moscow's war efforts. While Democrats largely support Ukraine, they have resisted giving Trump broader trade authority. Indian officials have stated they will continue to purchase oil through diversified sources.
The legislation's passage is seen as symbolic by Ukrainian President Volodymyr Zelensky, and Trump's signing of the bill comes a week before his scheduled meeting with Chinese President Xi Jinping in Washington.
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