Sanctions Fallout: Tariffs, Trade Wars, and the Shadow Fleet The US Senate's recent vote in favor of the Lindsey O Graham Sanctioning Russia Act of 2026 has been hailed as a major step towards ratcheting up pressure on Moscow.
However, beneath the surface, this bill poses significant risks for countries like India and China, which could face crippling tariffs on their oil imports from Russia.
The bill's provisions are severe, targeting Russian President Vladimir Putin and over 20 top officials with sanctions.