Double whammy as Trump extends H-1B fee, signs Russia sanctions Act
NEW DELHI: US President Donald Trump late Friday (US time) signed the controversial ‘Lindsey O Graham Sanctioning Russia and Iran Act of 2026’, authorising US to impose tariffs of up to 100% on imports from the five largest foreign buyers of Russian crude oil and natural gas, putting India and China at direct risk of penalties.
The Act provides for property-blocking sanctions on foreign vessels that knowingly transport certain Russian-origin products, including crude oil, uranium and coal.
