The US Congress passed a bill giving President Donald Trump sweeping powers

The US Congress passed a bill giving President Donald Trump sweeping powers to impose sanctions and tariffs on Russia’s crude exports, targeting major buyers like China and India. Named the "Lindsey O Graham Sanctioning Russia Act of 2026," it aims to weaken Russian funding for its war against Ukraine by sanctioning officials, companies, and oil tankers. Tariffs up to 100 percent can be applied on top five purchasers of Russian energy, while US tariffs could rise to 500 percent on Russian imports directly into the US. India and China, major buyers, have expressed concerns over potential impacts on their economies and trade relationships with the US.