From Malay Mail · · 1m 20s
Trump Signs Russia Sanctions Law
Trump signs sweeping Russia sanctions law that could slap 100pc tariffs on China, India.
In brief
Trump signs sweeping Russia sanctions law that could slap 100pc tariffs on China, India. Trump signed a bill targeting Russia's energy and defense sectors, shadow fleet, and allowing up to 100% tariffs on Chinese and Indian oil imports to cut Ukraine war funding. Originally reported by Malay Mail.
Trump signs Russia sanctions bill
President Donald Trump signed a bill imposing new sanctions on Russia targeting its energy and defense sectors, shadow fleet, and major buyers of Russian oil and gas.
Tariffs up to 100pc on China and India
The legislation allows Trump to impose tariffs of up to 100 per cent on major buyers of Russian oil and gas, potentially affecting China and India.
Targeting Russia's shadow fleet
The bill targets Moscow’s so-called shadow fleet of tankers used to evade Western sanctions and grants Trump authority to impose tariffs.
Ukraine war funding cut
The sanctions aim to cut financial support for Russia's war in Ukraine by targeting companies and foreign actors supporting Moscow’s military.
Democratic split on tariffs
The tariff powers caused division among Democrats, who support Ukraine but resist giving Trump wider trade authority.
Zelensky welcomes symbolic move
Ukrainian President Volodymyr Zelensky called the legislation symbolic and thanked US lawmakers for their support.
India continues oil diversification
India emphasized its commitment to diversified oil sourcing despite potential tariffs on Russian imports.
The takeaway
Trump signed a bill targeting Russia's energy and defense sectors, shadow fleet, and allowing up to 100% tariffs on Chinese and Indian oil imports to cut Ukraine war funding.
