Trump signs bill imposing sanctions on Russia and giving him more power to levy tariffs
Lindsey O Graham Sanctioning Russia and Iran Act signed into law two days after House passed it in bipartisan vote
TL;DR
- Donald Trump signed the Lindsey O Graham Sanctioning Russia and Iran Act into law.
- The legislation imposes sweeping sanctions on Russia to pressure it to end its war with Ukraine.
- It enables the president to impose additional tariffs on countries that break the embargo.
- The bill targets Russia's natural gas and oil revenues, and countries buying Russian energy.
- It also sanctions Russian officials, foreign networks supplying its war machine, and its 'shadow tankers'.
- The legislation gives Trump broad authority over sanctions implementation and tariff rates, including up to 100% tariffs on buyers of Russian energy.
- Critics, particularly Democrats, expressed concern that the bill gives Trump excessive authority to impose tariffs.