US House passes sanctions, tariff bill to raise economic pressure on Russia
- On Wednesday, the U.S. House of Representatives passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 in a 262-159 vote, sending the legislation to President Donald Trump for his signature.
- Spearheaded by the late Senator Lindsey Graham, the bill aims to pressure Russia to end its war in Ukraine; negotiations took over a year, with Trump eventually backing the package after Iran sanctions were added.
- Authorizing tariffs of up to 100% on the top five importers of Russian oil and gas, the act also targets Russian officials, banks, and the 'shadow fleet' of tankers used to circumvent sanctions.
- House Minority Leader Hakeem Jeffries argued the bill grants 'unfettered authority' for tariffs, while India reaffirmed its commitment to energy security through diversified sourcing following the vote.
- Passage comes just before Chinese President Xi Jinping's visit to Washington next week, though the bill's effectiveness depends on the administration's willingness to enforce provisions against major trading partners China and India.
474 Articles
474 Articles
US approves sweeping Russia sanctions with 100% tariff threat for its trade partners
US lawmakers have approved sweeping new sanctions on Russia, including a potential 100% tariff on countries that continue trading with Moscow, escalating economic pressure over the Ukraine war.
The Ministry of Foreign Affairs of India stated that US sanctions against Russian oil buyers could harm New Delhi's relationship with the United States: reactions to the approval of the Russian Sanctions Bill in Congress
India is facing a new economic threat from the US after the House of Representatives passed legislation giving President Donald Trump sweeping powers to impose sanctions on Russia and tariffs of up to 100 percent on countries that buy Russian oil and gas. The bill is now expected to go to Trump for signature, with India and China among the countries most exposed to potential measures because of their roles as major buyers of Russian oil. For Ind…
India reacts to US Sanctions on Russia; Reaffirms energy security
New Delhi: India on September 16, Thursday reaffirmed its commitment to ensuring energy security for its 1.4 billion people after the US House of Representatives passed the Russia sanctions bill, which also targets Moscow’s major energy importers, including India. Noting the high-level talks with US interlocutors, New Delhi had highlighted the potential trade and economic risks arising from the legislation. In a statement issued following the pa…
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