What Happened
New Tariff Powers Target Russian Energy, Defense Sectors
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, signed into law by President Trump, imposes new sanctions on Russia and targets its nuclear sector, shadow fleet, and sanctions evasion networks. The Act also grants the President new tariff authority on Russia and countries that purchase Russian energy products, and extends the Iran Sanctions Act of 1996 for five years. Companies with exposure to Russia or countries that import Russian energy products should evaluate potential sanctions and tariff risks, as the Act’s implementation may have significant implications for global trade and energy markets. This development was reported by an unknown source.