News in brief…11 August 2026

US Senate passes Russia and Iran Sanctions Bill, which includes tariff authority

US Senate passes Russia and Iran Sanctions Bill, which includes tariff authority The United States (US) Senate has passed (by a vote of 86-11) the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which authorises a range of sanctions on Russia, Russian individuals, vessels and entities, and certain other foreign persons, vessels, and entities. In addition, if enacted the legislation would authorize the imposition of: up to 100 percent tariffs on the five largest purchasers of Ru...

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Published Date: 11 August 2026

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