Trump signs sweeping Russia sanctions bill, aiming to choke off funds for Moscow in Ukraine war, tell me about this news in (https://www.wral.com/news/ap/d1715-trump-signs-sweeping-russia-sanctions-bill-aiming-to-choke-off-funds-for-moscow-in-ukraine-war/)

The news report details the signing into law of a major bipartisan sanctions bill by U.S. President Donald Trump, aimed at cutting off revenue and resources supporting Russia’s military campaign in Ukraine.

Core Highlights of the News

• The Legislation: President Trump signed the sanctions packagetitled the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026″into law. The bill was a key legacy measure for the late Republican Senator Lindsey Graham, who co-authored the legislation with Democratic Senator Richard Blumenthal.

• Broad Congressional Support: The bill passed with strong bipartisan margins in Congress, clearing the Senate 86–11 and the House of Representatives 262–159.

• Targets and Key Measures:

  • Energy and the “Shadow Fleet”: Imposes sanctions directly on Russia’s covert “shadow fleet” of oil tankers used to circumvent international oil price caps and transport Russian crude.

  • Financial Sector & Officials: Expands sanctions against key Russian banks, financial institutions, and government officials tied to the war effort.

  • Secondary Pressures & Tariffs: Directs the administration to levy steep tariffs or sanctions on major importers of Russian oil and natural gas, with carve-outs for countries that have significantly decreased their reliance on Russian energy exports.

• Primary Objective: To deprive Moscow of the foreign currency and economic resources required to sustain its protracted invasion of Ukraine, while tightening enforcement on avenues Russia has previously used to bypass Western restrictions.