On October 17, 2026, President signed an order implementing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. This act, signed on September 18, 2026, imposes a 500% increase in duties on goods from Russia and a 100% increase on goods from countries that purchase Russian oil or gas after October 18, 2026. The President has also waived certain sanctions and duties under the act, certifying that these actions are in the national interest of the United States.
Key facts
- The Graham Act was signed into law on September 18, 2026.
- Duties on goods from Russia will increase by 500%.
- A 100% duty increase applies to countries purchasing Russian oil after October 18, 2026.
- The Trade Representative will monitor compliance with the act.
- Certain sanctions and duties have been waived by the President.
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