
Legislation targets top buyers of Russian oil, gas, and military equipment, as well as Moscow's shadow fleet.
US President Donald Trump signed legislation granting authority to impose sanctions and tariffs up to 100 per cent on top buyers of Russian crude oil, gas, and military equipment, while also targeting Russia's shadow fleet.
AI-generated summary
The legislation targets Russia's energy trade and transport network used to evade Western sanctions and G7 price caps.
On Friday, US President Donald Trump signed into law an act that would give him authority to impose sanctions on Russia and slap tariffs of up to 100 per cent on the top five buyers of Russian crude oil, gas and military equipment, or countries that help Moscow evade sanctions.
The legislation, named the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, also targets Russia’s shadow fleet of oil tankers.
The term refers to a network of ageing or obscurely owned vessels that Russia uses to transport oil while seeking to evade Western sanctions and the Group of Seven’s price cap on Russian crude. The ships often operate under complex ownership structures and flags of convenience, making them harder to trace and regulate.

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