Trump signs sanctions bill targeting Russia’s energy sector with tariffs up to 500%

President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act into law on September 18, 2026, unleashing one of the most aggressive sanctions packages aimed at Moscow’s energy revenues since Russia’s invasion of Ukraine. The legislation authorizes tariffs of up to 100% on the top five importers of Russian crude oil and natural gas, and a staggering 500% tariff on Russian goods shipped directly to the United States. The bill cleared the House on September 16 with a 262-159 vote, shortly after passing the Senate. Who gets hit hardest China and India are the obvious targets here. The two countries together account for roughly 87% of Russia’s crude oil exports, with China absorbing approximately 50% and India around 37%. Under the new law, both nations could face triple-digit tariffs on their Russian energy purchases. The legislation also takes aim at Iran, extending existing sanctions on Tehran’s energy and weapons sectors through 2031. The fine print and the escape hatches Buried in the legislation are waiver provisions that allow the President to grant exceptions on national security grounds. These waivers are primarily intended for countries that demonstrate m...