On Wednesday, Congress approved the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026.” The bill provides that within 30 days after it is signed into law, the President shall increase the rate of duty for goods imported from Russia to a rate of up to 500%. Such duties will be imposed in addition to any other duty, fee or tax otherwise applicable to such goods.
The Act (Section 113) also provides that not later than 30 days after enactment, the President shall increase the rate of duty for all products imported into the United States up to a rate of 100% from countries that
- Knowingly made new purchases of Russian crude oil or natural gas on or after 30 days after enactment of the Act, and,
- Were among the 5 largest importers by volume of Russian crude oil or natural gas in the 12 months preceding enactment of the Act; or,
- Were among the top 5 countries facilitating Russian oil sanctions evasion in the 12 months preceding enactment of the Act.
According to reports, China, India, and Turkey may be amongst the 5 largest importers of Russian oil and gas during the last 12 months. The Russian Sanction tariffs will apply on top of any existing duties (Section 301, section 232, antidumping/countervailing duties, etc.).
Please feel free to contact any of our attorneys if you have any questions or require any additional information.
