Updated

U.S. President Donald Trump signed into law a sweeping new sanctions package against Russia, dubbed the 'sanctions from hell' and associated with the late Senator Lindsey Graham, targeting Russia's energy and defense industries and its 'shadow fleet' of tankers. The law grants Trump 30 days to act and broad authority to suspend the restrictions, and includes provisions for 100% tariffs on countries buying Russian oil. China, Russia's largest oil buyer, said it opposes unilateral sanctions and reserves the right to take 'all necessary measures,' urging Washington to 'meet Beijing halfway.'