Tue, 19 May 2026
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US sanctions18 Sep 2026

New law gives Trump a month to sanction Putin. Such laws were rarely used so soon.

Donald Trump signed the Lindsey O Graham Sanctioning Russia and Iran Act on Friday. It orders sanctions on named Russian officials within 30 days.

5 min read

What happened

Trump signed the Lindsey O Graham Sanctioning Russia and Iran Act into law on Friday, two days after the House passed it 262 to 159, giving him power to sanction Russian officials and to put tariffs of up to 100 per cent on buyers of Russian energy.

The new law gives Donald Trump 30 days to sanction Vladimir Putin and other named Russian officials. He signed the Lindsey O Graham Sanctioning Russia and Iran Act on Friday , two days after the House passed it 262 to 159.

The government had resisted new sanctions on Moscow for a year. It changed its position after repeated attempts to end the war in Ukraine stalled. The law is named after the senator who pushed for it for years and who died on .

Section 102 of the law, H.R. 5334, says the president shall first review and then sanction the people it lists. The list starts with the President of Russia, the prime minister, the defence minister and the chief of the general staff. Thirty days from is , and the last working day before it is Friday .

The same law also lets the president step back. Section 115 allows him to waive any sanction, limit or duty in it. First he must tell Congress in writing that the waiver is in the national interest, with a report explaining why.

Volodymyr Zelenskyy thanked Donald Trump for signing. He wrote that the best way to honour the senator’s memory would be to put the law into effect fully and quickly.

Nothing has been done under the law yet. As of the Office of Foreign Assets Control, the Treasury office that runs sanctions, had published no action naming it. Its three latest Russia entries went the other way. People were taken off the sanctions list on 3 and , and a Russia general licence was changed on , the day of the signature.

Sources: The Guardian, Enrolled text of H.R. 5334, govinfo, BBC, OFAC recent actions, read

The Pattern

We looked at US sanctions laws aimed at a named country since 2004. For each one we counted the days from the president’s signature to the first government action that named the new law. That could be an executive order, a Treasury listing or a State Department decision. We found twelve such laws. Newest first.

2 of 12
Two of the last twelve US sanctions laws drew an executive action citing them within 30 days. That is 17 per cent, which sits close to the 15 per cent floor Hunch will publish a market on, and this page says so rather than dressing it up. Both of the two were laws whose implementing order was already written when the president signed, so the fast lane exists but it is narrow. The rest of the record runs 60, 72 and 89 days for ordinary Treasury work, 119 to 183 days for laws that carried their own deadlines, and a tail at 362, 609 and 1,372 days for laws an administration did not want to use. The Belarus Democracy Act of 2004 has never been cited by any action at all.
2020 Hong Kong Autonomy Actheld
Trump signed the Hong Kong Autonomy Act on and signed Executive Order 13936, which carries it into force by name, the same day. Zero days, because the order was written before the signature. (Federal Register, Executive Order 13936)
2019 Syria, Caesar Actnot held
The Caesar Syria Civilian Protection Act became law inside the 2020 defence bill on . The first designations under it were published on , 180 days later. (OFAC, Syria-Caesar designations)
Show the other 10 cases
2019 Europe energy security actnot held
The Protecting Europe’s Energy Security Act passed in the same defence bill on . The executive order built on it, 14039, was not signed until , 609 days later, under a different president. (Federal Register, Executive Order 14039)
2018 Nicaragua actnot held
The Nicaragua Human Rights and Anticorruption Act was signed on . Treasury named its first targets under the act on , 183 days later. (Federal Register, Nicaragua designations)
2017 Russia, CAATSAnot held
Trump signed CAATSA on after Congress passed it by margins large enough to override a veto. Treasury’s first designation naming the act came on , 72 days later. (US Treasury, designation of 13 October 2017)
2016 Global Magnitsky Actnot held
The Global Magnitsky Act became law inside the 2017 defence bill on . The order carrying it into force, 13818, was signed on , 362 days later. (Federal Register, Executive Order 13818)
2016 North Korea actheld
Obama signed the North Korea Sanctions and Policy Enhancement Act on and signed Executive Order 13722 under it on , 26 days later, inside the 30 days this market asks about. (Federal Register, Executive Order 13722)
2014 Ukraine Freedom Support Actnot held
The Ukraine Freedom Support Act was signed on and then left unused. The first order citing it, 13849, came on , 1,372 days later. (Federal Register, Executive Order 13849)
2012 Russia, Magnitsky Actnot held
The Magnitsky Act was signed on . Treasury published the first list of people blocked under it on , 119 days later. (OFAC, Magnitsky designations)
2012 Iran and Syria actnot held
Obama signed the Iran Threat Reduction and Syria Human Rights Act on . Executive Order 13628, which implements it, followed on , 60 days later. (Federal Register, Executive Order 13628)
2010 Iran, divestment actnot held
The Comprehensive Iran Sanctions, Accountability, and Divestment Act was signed on . Executive Order 13553, the first to cite it, came on , 89 days later. (Federal Register, Executive Order 13553)
2004 Belarus Democracy Actnot held
The Belarus Democracy Act was signed on . The Belarus sanctions order that followed, 13405, rests on emergency powers and does not cite the act, and no action has cited it in the 22 years since. (Federal Register, Executive Order 13405)

The Read

History says a deadline in a law does not often bring action on time. Only two of the last twelve sanctions laws led to an action naming them within 30 days. In both, the executive order was written before the president signed: Hong Kong in 2020 on the same afternoon, and North Korea in 2016 on day 26. The next fastest took 60 days, and a law signed in 2004 has never been named in any action.

There are reasons this time could be faster. The law says shall, and its list starts with the President of Russia. Section 113 gives the same 30 days to put tariffs of up to 100 per cent on the biggest buyers of Russian energy. Both deadlines fall on , the first Sunday in the six weeks before the midterm elections. The people named are also already under US sanctions, so listing them again under the new law is paperwork more than a policy fight. That is why our estimate is higher than history alone.

Two things point the other way. Section 115 lets the president undo any part of the law with one certificate to Congress. And in the three weeks before the signature, every Russia entry on the Treasury’s sanctions page was a removal or an easing, including a changed general licence on the day the law was signed. What the Treasury publishes next is the thing to watch.

Disclaimer

Hunch works only from sources that are publicly available, and publishes on the basis of analysis of that material. We do not form an editorial opinion or take sides, we give a simpler and wider view of news that already exists. If information in a source we used was inaccurate, distorted, or later disputed but had already entered our analysis, Hunch accepts no liability for that. Predictions are not advice. Phase 1 markets use Hunch Points, not money.

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