President Donald Trump has enacted a new law that strengthens and expands sanctions against Russia and extends existing measures on Iran. Signed on September 18, the legislation empowers the president to impose tariffs on nations that continue purchasing Russian energy, thereby targeting countries like India and China depending on its implementation.
This law aims to hinder Russia’s financial capabilities, particularly its revenue from oil and gas exports, by targeting Russian officials and financial networks linked to the ongoing conflict. The president is now authorized to levy tariffs up to 100% on countries involved in buying Russian energy, though the choice of countries and the imposition of waivers remain under presidential discretion.
The legislation received bipartisan support in the House of Representatives before reaching the president’s desk. The White House emphasized that these measures are designed to strengthen the United States’ sanctions and tariff tools against Russia while maintaining pressure on Iran.
As the new sanctions come into effect, major energy buyers from Russia may face significant impacts based on how the administration chooses to apply these new authorities. The development underscores a strategic move by the U.S. to curb Russia’s economic influence and restrict its ability to finance its war efforts through energy exports.