US Congress Approves Bill Imposing Tariffs on Russian Energy Purchasers

The US Congress has passed legislation, the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," which includes provisions for tariffs up to 100% on goods from major buyers of Russian energy. This bill, awaiting President Trump's signature, aims to diminish Russia's financial capacity for its war in Ukraine by targeting Russian officials, banks, energy interests, and foreign entities supporting Moscow's military operations. Its passage could significantly impact global energy markets and international trade relations.