Trump Signs New Sanctions Bill Targeting Russia
Summary
Trump has signed a new sanctions bill targeting Russia’s energy and defense sectors, with additional pressure aimed at foreign buyers of Russian oil and gas. The law could also affect India and China, while extending existing sanctions on Iran for five more years.
Key Points
- US President Donald Trump signed a new sanctions bill designed to increase economic pressure on Russia over the war in Ukraine.
- The law targets Russia’s energy and defense sectors, Russian officials, the shadow fleet, and foreign companies aiding the Russian military.
- It gives the president authority to impose tariffs of up to 100 percent on major foreign buyers of Russian oil and gas, including possible effects on India and China.
- The legislation also extends existing sanctions on Iran for another five years.
