Bank Street Journal
  • Business
  • Politics
  • World
  • Investing
  • Business
  • Politics
  • World
  • Investing
No Result
View All Result
Bank Street Journal
No Result
View All Result
Home Politics

Trump greenlights Russian sanctions bill, paving way for 500% tariff on countries supporting Moscow: Graham

January 8, 2026
in Politics
Trump greenlights Russian sanctions bill, paving way for 500% tariff on countries supporting Moscow: Graham
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Sen. Lindsey Graham announced Wednesday that President Donald Trump has approved a Russian sanctions bill designed to pressure Moscow to end its war with Ukraine.

Graham revealed the development in a post on X, describing it as a pivotal shift in the U.S. approach to the Russia-Ukraine conflict. 

‘After a very productive meeting today with President Trump on a variety of issues, he greenlit the bipartisan Russia sanctions bill that I have been working on for months with Senator Blumenthal and many others,’ Graham said. 

‘This will be well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent.’

According to the Sanctioning Russia Act of 2025, the bipartisan legislation is designed to grant Trump sweeping, almost unprecedented, authority to economically isolate Russia and penalize major global economies that continue to trade with Moscow and finance its war against Ukraine.

Most notably, the bill would require the United States to impose a 500% tariff on all goods imported from any country that continues to purchase Russian oil, petroleum products or uranium. The measure would effectively squeeze Russia financially while deterring foreign governments from undermining U.S. sanctions.

‘This bill will allow President Trump to punish those countries who buy cheap Russian oil fueling Putin’s war machine,’ Graham said.

‘This bill would give President Trump tremendous leverage against countries like China, India and Brazil to incentivize them to stop buying the cheap Russian oil that provides the financing for Putin’s bloodbath against Ukraine.’

Graham said voting could take place as early as next week and that he is looking forward to a strong bipartisan vote.

The move on the Russian sanctions bill follows another sharp escalation in America’s clampdown on Moscow. Earlier Wednesday, U.S. forces reportedly seized an oil tanker attempting to transport sanctioned Venezuelan oil to Russia.

Graham publicly celebrated the seizure in another post on X, describing it as part of a broader winning streak of U.S. intervention aimed at Venezuela and Cuba. 

In the post, he also took aim at critics such as Sen. Rand Paul, who has opposed the bill, arguing that it would damage America’s trade relations with much of the world.

Fox News Digital reached out to the White House for comment.

This post appeared first on FOX NEWS

Previous Post

‘Irregular’ armed guards aboard Russian shadow tankers alarm Nordic-Baltic governments

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Trump greenlights Russian sanctions bill, paving way for 500% tariff on countries supporting Moscow: Graham

    Trump greenlights Russian sanctions bill, paving way for 500% tariff on countries supporting Moscow: Graham

    January 8, 2026
    ‘Irregular’ armed guards aboard Russian shadow tankers alarm Nordic-Baltic governments

    ‘Irregular’ armed guards aboard Russian shadow tankers alarm Nordic-Baltic governments

    January 8, 2026
    Trump orders US withdrawal from 66 ‘wasteful’ global organizations in sweeping ‘America First’ crackdown

    Trump orders US withdrawal from 66 ‘wasteful’ global organizations in sweeping ‘America First’ crackdown

    January 8, 2026
    Al Gore sounds ‘climate crisis’ alarm as Trump yanks US from UN initiatives

    Al Gore sounds ‘climate crisis’ alarm as Trump yanks US from UN initiatives

    January 8, 2026
    Disclaimer: bankstreetjournal.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Popular

    Senate Dems’ Obamacare fix fails as Senate looks for off-ramp from healthcare cliff

    Senate Dems’ Obamacare fix fails as Senate looks for off-ramp from healthcare cliff

    December 12, 2025

    Republicans consider using reconciliation again after Trump’s biggest legislative win

    Republicans consider using reconciliation again after Trump’s biggest legislative win

    December 24, 2025

    Recent News

    Trump greenlights Russian sanctions bill, paving way for 500% tariff on countries supporting Moscow: Graham

    Trump greenlights Russian sanctions bill, paving way for 500% tariff on countries supporting Moscow: Graham

    January 8, 2026
    ‘Irregular’ armed guards aboard Russian shadow tankers alarm Nordic-Baltic governments

    ‘Irregular’ armed guards aboard Russian shadow tankers alarm Nordic-Baltic governments

    January 8, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 bankstreetjournal.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • Politics
    • World
    • Investing

    Copyright © 2026 bankstreetjournal.com | All Rights Reserved