Trump signs sweeping new Russia sanctions bill named in honor of Lindsey Graham

President Donald Trump on Friday signed into law a sweeping sanctions package targeting Russian officials and key pillars of its economy that is meant to punish and pressure Moscow for its ongoing war against Ukraine.

The measure was a final legacy item for the late Sen. Lindsey Graham, R-S.C., a close ally and friend of the president who had just returned from Ukraine when he unexpectedly died in July. In the works for more than a year, the bill passed with large bipartisan margins: 86-11 in the Senate and 262-159 in the House.

It’s meant to starve Russian President Vladimir Putin of the resources Moscow needs to continue its war in Ukraine after invading its neighbor more than four years ago. The bill, also drafted by Sen. Richard Blumenthal, D-Conn., sanctions Russian officials, banks and a shadow fleet of tankers that keeps Russian energy moving.

It also directs Trump to impose up to 100% tariffs on the top five importers of Russian oil or natural gas, with an exception for countries that import less than 15% of Russia’s natural gas exports and have taken significant steps to reduce those imports.

Sen. Darline Graham, Lindsey Graham’s sister, said in a statement…

Original source: https://www.nbcnews.com/business