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2h ago

Trump Backs Senate Sanctions Bill Targeting Russia’s Trade Partners With Tariffs Up to 500%

The White House says he will sign the measure if it preserves the president’s final authority over sanctions.

President Donald Trump and Russia's President Vladimir Putin shake hands during a joint press conference at Joint Base Elmendorf-Richardson, Alaska, Friday, Aug. 15, 2025. (AP Photo/Jae C. Hong)
U.S. President Donald Trump and Russian President Vladimir Putin shake hands during a press conference following their meeting to negotiate an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, U.S., August 15, 2025. REUTERS/Jeenah Moon
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BRUSSELS, BELGIUM - NOVEMBER 15: The PJSC Lukoil Oil Company tank storage of Neder-Over-Heembeek are seen on November 15, 2025 in Brussels, Belgium. As of November 2025, Lukoil is reeling under severe U.S. and Western sanctions, which have forced the company to divest international assets and halt operations at major projects, including Iraq's West Qurna-2 oil field. Facing a November 21 deadline to wind down foreign operations, Lukoil struggles to find buyerseven among major partners like India and Chinaand recently saw a $22 billion asset sale to Gunvor collapse. Sanctions from the U.S. and UK have also disrupted its activities in Finland, Bulgaria, and other key regions. The company is now urgently seeking buyers for its overseas assets, including European refineries and stakes in oilfields across Kazakhstan, Iraq, Ghana, and Nigeria, as pressure mounts from governments and potential investors like Carlyle. (Photo by Thierry Monasse/Getty Images)

Overview

  • Senate sponsors say they will move the bill forward after Trump’s endorsement, with more than 80 cosponsors reported.
  • The bipartisan proposal authorizes secondary sanctions and would allow tariffs of up to 500% on imports from countries that buy Russian energy.
  • Reporting identifies China and India as key targets, and Trump said Iran may be added.
  • A senior White House official told Reuters the administration requires a carve-out that ensures the president has ultimate decision-making power.
  • The push builds on recent steps, including October sanctions on Rosneft and Lukoil and an August surcharge that lifted tariffs on Indian imports tied to Russian oil to 50%.