Moscow has warned that the measure could complicate Ukraine peace efforts and drive US fuel prices higher
US President Donald Trump has signed sweeping legislation expanding the sanctions on Russia and authorizing tariffs of up to 100% on major buyers of Russian energy. Moscow warned that additional sanctions would complicate efforts to settle the Ukraine conflict and could further destabilize the energy markets.
In a statement on Friday, the White House announced that Trump approved the Lindsey O. Graham Sanctioning Russia and Iran Act, after the Senate passed it 86-11 in August and the House passed it 262-159 on Wednesday.
The legislation targets senior Russian officials, banks, defense and energy entities, as well as what Western countries refer to as Russia’s ‘shadow fleet’ of ships. It also empowers Trump to impose tariffs of up to 100% on goods from the five largest buyers of Russian crude oil and natural gas.
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