US President Donald Trump has signed into law a sweeping expansion of sanctions against Russia, giving Washington new powers to target Moscow as well as major buyers of Russian energy. The legislation authorizes tariffs of up to 100% on goods from certain countries purchasing Russian oil and gas, while imports from Russia could face duties of up to 500%.
The Lindsey O. Graham Sanctioning Russia and Iran Act also expands restrictions on Russian officials, financial institutions and other entities linked to the government. The White House has said the legislation is intended to increase economic pressure on Moscow over the Ukraine conflict while giving the president broad discretion over waivers and the eventual termination of sanctions.
RT examines the law’s key provisions, who could be affected and what the measures could mean for Russia’s trade partners.
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