Trump signs bill authorizing sweeping Russia sanctions
Summary
Donald Trump has signed a bill authorizing sweeping new sanctions on Russia over the war in Ukraine, including possible tariffs of up to 100 percent on major buyers of Russian oil and gas. The move targets Russia’s energy and defense sectors, as well as companies and foreign actors supporting its military.
Key Points
- Donald Trump signed legislation authorizing new sanctions on Russia after months of delay in Congress.
- The bill targets Russia’s energy and defense sectors, President Vladimir Putin, and Moscow’s shadow fleet of tankers.
- It gives Trump authority to impose tariffs of up to 100 percent on major buyers of Russian oil and gas, potentially including China and India.
- Ukrainian President Volodymyr Zelensky welcomed the measure, while India said it would continue buying oil through diversified sourcing.
