Trump Signs Russia Sanctions Bill Granting Powers to Impose Tariffs on Buyers of Russian Oil and Gas

President Donald Trump signed a Russia sanctions bill on Friday authorizing tariffs of up to 100% on the five largest importers of Russian crude oil or gas. The law also targets countries aiding Russia in sanctions evasion. India and China, both large buyers of Russian energy, could face tariffs on goods entering the US, though the legislation does not specify countries and leaves enforcement discretion to the administration. Analysts note political considerations around consumer prices and midterm elections may influence how and when the powers are used.