President Donald Trump has cautioned that he may wield new tariff powers, granted by a recent sanctions law, to pressure Russia into ending its conflict with Ukraine. This move could potentially impact major importers of Russian energy, such as India and China, with increased U.S. tariffs.
Last week, Trump enacted the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. This legislation authorizes the U.S. president to impose tariffs of up to 100% on nations buying Russian oil and natural gas, directly affecting the five largest purchasers, which include India and China.
During his address to the United Nations General Assembly, Trump emphasized the significant tariff powers granted by the new law and expressed his readiness to employ them if necessary to facilitate an end to the Russia-Ukraine war. He also reiterated his call for the cessation of hostilities in the region.
Beyond tariffs, the legislation introduces a range of sanctions targeting Russian officials, financial institutions, and the energy sector, as well as networks accused of aiding Moscow in circumventing existing sanctions. This comprehensive approach aims to intensify pressure on Russia to engage in negotiations regarding the ongoing conflict.
Ukrainian President Volodymyr Zelenskyy has expressed support for the new sanctions law and voiced his willingness to participate in further discussions aimed at resolving the war. The potential impact of the law on India and China will depend on future decisions by the U.S. administration regarding the imposition of additional tariffs.