The White House announced that the U.S. President has implemented the Lindsey Graham Sanction Russia and Iran Act. Under this act, the U.S. will impose a 500% ad valorem tariff on goods from the Russian Federation. Additionally, for the top five importing countries that knowingly purchase Russian crude oil or natural gas on or after October 18, 2026, and the top five facilitating countries for Russian oil sanction evasion, their goods tariffs will increase by 100%. The President has also, under the authority of the act, exempted certain sanctions, restrictions, and tariffs, and has submitted certifications and reports to Congress justifying these exemptions as being in the U.S. national interest.