Key facts
- A new U.S. law allows tariffs of up to 100% on major buyers of Russian energy.
- The law also strengthens sanctions against Russia's shadow fleet.
A new U.S. law has been enacted, granting the president the authority to impose tariffs of up to 100% on significant purchasers of Russian energy. This measure is intended to exert pressure on Russia's war economy. Additionally, the legislation enhances existing sanctions targeting Russia's shadow fleet, which is involved in circumventing oil price caps.