US Enacts Sanctions Bill Targeting Russia's Economy
The White House announced the signing of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law, which specifically targets Russia’s energy and defense industries, as well as tankers used to circumvent existing sanctions. This legislation authorizes tariffs on Russia’s major trading partners and grants the president the authority to impose tariffs on countries that continue trading with Russia, thereby increasing economic pressure on Moscow and its allies.
The bill was passed by the US House of Representatives on Wednesday, following Senate approval the previous month. It is named after South Carolina Republican Senator Lindsey Graham, who passed away in July and had been a strong advocate for the legislation.
Plus234Feed summary based on reporting from Voice of Nigeria. Read the original report below.
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