Trump Signs Russia Sanctions Law, Raises 100% Tariff Risk for India
What Happened
Donald Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law, expanding sanctions on Russia’s energy and defence sectors. The legislation gives the US administration the authority to impose tariffs of up to 100% on countries that continue buying significant volumes of Russian oil and gas, potentially affecting major buyers such as India and China. However, the law does not automatically impose a 100% tariff on India. Instead, it gives the US President discretion to determine which countries are targeted and what tariff rates may be applied under the law.
Key Takeaways
The new law increases pressure on countries that continue purchasing Russian energy, but the actual impact on India will depend on how the Trump administration chooses to implement the tariff provisions in the coming months.