The Hindu·1 min read·medium
Watch: Russia oil buyers face 100% U.S. tariffs under new Senate bill
T
The Hindu Bureau
✦AI Summary
A new U.S. Senate bill, the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026', proposes 100% tariffs on buyers of Russian oil. The legislation also targets Russian officials and financial institutions while extending existing sanctions on Iran.
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 also targets Russian officials, oligarchs and financial institutions, while extending Iran sanctions until 2031. The bill now moves to the House of Representatives.
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