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US Places New Sanctions on Russia and Tariffs Power in Ukraine War

Reported by Faizan Khan (Staff Writer) · Google News - Australia World ·

✓ — also reported by BBC News - World

Representative image · Pexels

New Sanctions

United States President Donald Trump has signed a new bill that places sweeping sanctions on Russia over the ongoing war in Ukraine. The fresh measures aim to choke off funds that support the Russian military campaign. Along with the sanctions, the new law also gives the US president more power to levy tariffs.

Reactions

The move has already drawn a reaction from India, which warned that new US tariffs on Russian oil could impact bilateral ties between the two countries. Meanwhile, US Senator Jeanne Shaheen spoke about the situation, stating that Russian President Vladimir Putin is trying to wait them out.

ExplainerWhy this matters

What Happened

US President Donald Trump signed a bill that imposes fresh sanctions on Russia and expands presidential tariff powers, primarily targeting Moscow's revenue streams tied to the Ukraine conflict.

Why It Matters

These measures tighten economic pressure on Russia while introducing potential trade friction with nations like India that still purchase Russian oil. The expanded tariff authority also signals a broader shift in US economic policy tools used for foreign affairs.

What Happens Next

Implementation of the sanctions and potential new tariffs will unfold in the coming weeks, while affected nations navigate their trade relationships and energy imports in response to the US policy change.

Tags:Donald Trump Vladimir Putin US Capitol

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US Places New Sanctions on Russia and Tariffs Power in Ukraine War

New Sanctions

Reactions

What Happened

Why It Matters

What Happens Next

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