Trump signs Ukraine war sanctions bill that threatens up to 100% tariffs on the top five importers of Russian oil or gas, with some exceptions
It’s meant to starve Russian President Vladimir Putin of the resources Moscow needs to continue its war in Ukraine after invading its neighbor more than four years ago.
President Donald Trump signed a comprehensive sanctions package into law on Friday, aiming to penalize Russia for its invasion of Ukraine. The legislation, a final project for the late Senator Lindsey Graham, passed with strong bipartisan support in both the Senate and the House. The bill targets Russian officials, banks, and a network of tankers facilitating Russian energy trade.
Most notably, it grants the authority to impose up to 100% tariffs on the top five importers of Russian oil or gas, barring countries that import less than 15% of Russia's natural gas and have taken substantial steps to reduce their imports. Senator Darline Graham, Lindsey's sister and a Senate appointee, expressed her brother's pride in the bill's passage, emphasizing its role in economically squeezing Putin and prompting his customers to reexamine their ties with Russia.
Despite bipartisan backing, the bill drew criticism from some Democratic lawmakers, who argued that it could lead to further tariffs on the European Union and other regions, potentially impacting the American economy negatively.
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