Executive order puts the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into effect
16 October 2026
Executive Order 14436 carries out the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, called the Graham Act.
The order records that the Act was signed into law on September 18, 2026 and is codified at 22 U.S.C. 10802.
Duties on goods from Russia rise by 500 per cent ad valorem.
Goods from the five largest importers of Russian crude oil and natural gas face a 100 per cent rise on new purchases.
The same 100 per cent rise applies to the five top facilitators of evasion of sanctions on Russian oil.
Authority under the Act goes to the Secretaries of State, the Treasury and Energy and to the Trade Representative.
In the same order the President waives those duties and a list of the Act's sanctions sections until further action is decided.
In plain words
ad valorem ad valorem duty — A customs duty charged as a percentage of the value of the goods, not per unit of weight or number.