New Sanctions Against Russia Signed by United States President
A new sanctions bill targeting Russia's energy and defense sectors as well as its shadow fleet has been signed into law by US President Donald Trump.
US President Donald Trump has signed and enacted a new sanctions bill passed by Congress aimed at increasing pressure on Russia over its war in Ukraine.
Scope and Objectives of the Sanctions
The newly approved legislation targets Russia's energy and defense sectors, President Vladimir Putin, and other high-ranking officials. It also includes Moscow's shadow tanker fleet, which is used to evade Western sanctions.
Trade Authorities and Tariffs
The law grants the US President the authority to impose tariffs of up to 100 percent on major buyers of Russian oil and gas. While this could potentially encompass China and Hindistan (India), it steps up efforts to cut off the revenues funding Moscow's war.
Political Reactions and Congressional Process
The Republican-controlled House of Representatives had passed the sanctions package in a vote of 262 to 159 on Wednesday. The broad trade powers led to an unusual division among Democrats, who support Ukraine but oppose granting Trump broader trade authority.
International Statements and Diplomatic Developments
Ukrainian President Volodymyr Zelenskyy described the bill's enactment as symbolic and thanked US lawmakers, while India announced on Thursday that it will continue purchasing oil through diversified sources. Trump's signature comes a week before his meeting with Chinese President Xi Jinping in Washington.