US sanctions law targets financial institutions dealing with Russia and Iran
On September 18, 2026, United States President Donald Trump signed into law the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (the Act). The Act imposes a range of new sanctions targeting Russia and Iran, and is designed to further isolate those nations from the global financial and energy markets.
The analysis — automated & source-checked
- Applies to
- Corporate · UAE
- What to do
- Financial institutions and maritime service providers must review their exposure to Russian and Iranian transactions, pipelines, and vessels to ensure compliance with mandatory sanctions obligations under the Act.
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, signed into law on September 18, 2026, imposes new mandatory sanctions on foreign financial institutions engaging in specified transactions. The Act mandates US presidential sanctions on foreign financial institutions that facilitate significant transactions for designated Russian or Iranian persons, or that finance pipeline construction or repair for crude oil transport to, from, or through Russia or Iran. The Act also prohibits US persons from providing insurance, reinsurance, financing, brokering or ancillary services for vessels engaged in Russian crude oil or petroleum trade that does not comply with the G7 price cap. Violations constitute breaches of the International Emergency Economic Powers Act.
Source
Reported by: Clyde & Co Middle East 23 Sept 2026 Read the original ↗ More from Clyde & Co Middle East →
Quick answers
What do I need to do?
Financial institutions and maritime service providers must review their exposure to Russian and Iranian transactions, pipelines, and vessels to ensure compliance with mandatory sanctions obligations under the Act.
Who reported this?
Clyde & Co Middle East (UAE).
When was it announced?
23 Sept 2026.
Where can I read the original?
Read the original at Clyde & Co Middle East: https://www.clydeco.com/en/insights/2026/09/the-lindsey-o-graham-sanctioning-russia-and-iran-a
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