Trump signs Russia-Iran sanctions law, opens door to 100% tariffs on India

US President Donald Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act into law. The legislation aims to pressure Russia over its war in Ukraine by imposing significant sanctions on Moscow's leadership and energy sector, as well as on collaborators in its defense industry.

The law also targets Russia's "shadow fleet" of tankers that evade existing sanctions and allows Trump to impose tariffs of up to 100% on major buyers of Russian oil and gas, including China and India, according to DW English.

The sanctions package, which also extends existing sanctions on Iran, passed Congress with large bipartisan majorities, with a vote of 262 to 159 in the House and 86 to 11 in the Senate. Ukrainian President Volodymyr Zelenskyy thanked Trump for signing the bill.

Brief written by urgent.news from The Economic Times - Economy, Jerusalem Post, DW English (Top Stories), RTE News, Live Mint — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.