Trump signs sweeping Russia sanctions bill, opens door to tariffs on major oil buyers

US President Donald Trump has signed into law a comprehensive sanctions package aimed at targeting Russia's energy and defense sectors, as well as its "shadow fleet" of tankers, in response to the country's invasion of Ukraine. This legislation, known as the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026", honors the late South Carolina Republican senator Lindsey Graham, a staunch advocate for harsher measures against Russia.

The bill grants the White House the authority to impose tariffs of up to 100% on major oil and gas importers, including potential targets like India and China, should they continue buying Russian energy. While the tariffs are not automatic and rely on presidential discretion, this provision could potentially intensify economic pressure on these nations if they maintain their Russian energy purchases.

India has expressed concerns that such measures could strain its relationship with the United States and negatively impact global energy markets, despite its need to safeguard its energy security. The legislation, which was approved by both the House of Representatives and the Senate, has drawn criticism regarding the potential consequences of the tariff powers for other countries beyond the ongoing conflict.

The Kremlin has warned that additional US sanctions could complicate efforts to achieve a peaceful resolution in Ukraine.