Overview
- Trump said any country doing business with Russia will be “very severely sanctioned” and suggested Iran could be added to the targets.
- Reporting cites a proposal to authorize tariffs of up to 500% on imports from nations that buy Russian oil or gas, focusing on major buyers such as China and India.
- Senator Lindsey Graham’s effort, paired with Senator Richard Blumenthal’s Sanctioning Russia Act of 2025, has amassed broad backing, and Majority Leader John Thune has signaled openness to a vote without a set deadline.
- The administration previously doubled U.S. tariffs on Indian goods to 50% with a 25% surcharge tied to Russian oil purchases and announced sanctions on Rosneft and Lukoil.
- The measures would expand secondary penalties on third countries, raising risks for key trade partners and energy markets even as legislative details and implementation remain unresolved.