U.S. President Donald Trump has shown strong support for a bill that aims to impose sanctions on Russian exports (Photo: Social)
U.S. President Donald Trump has shown strong support for a bill that aims to impose sanctions on Russian exports. One of Trump’s close allies, Senator Lindsey Graham, introduced the Sanctioning Russia Act of 2025 in the U.S. Senate in April this year.
500% tariff on countries that imports from Russia
The legislation proposes a 500% tariff on countries that import Russian energy, including oil, gas, and uranium. The bill is set to impact two major Russian allies—India and China. It also proposes sanctions against Russian businesses, government institutions, and top policymakers.
Trump told reporters during a Cabinet meeting, “I’m looking. It’s totally my option. They pass it totally at my option, and to terminate totally at my option. And I’m looking at it very strongly.”
Trump also voiced his frustration over Putin’s prolonged conflict with Ukraine. He has instructed the U.S. Department of Defence to send more defensive weapons to Ukraine.
Bill targets foreign oil importers
The bill targets foreign oil importers and imposes broader sanctions on Russian government entities. Graham said the President has encouraged lawmakers to push the legislation forward.
India and China, which import around 70% of Russia’s oil, will be directly affected. Graham said, “If you’re buying from Russia and not helping Ukraine, expect a 500% tariff on your exports to the U.S.”
The bill also allows the President to issue a 180-day national security waiver, with a possible second extension under specific conditions.
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
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