Bipartisan senators introduce Russia sanctions and tariff bill Graham championed
Summary
A group of U.S. senators introduced a new bill called the "Sanctioning Russia Act of 2026" to put sanctions on Russian leaders and heavy taxes on countries buying Russian oil and gas. The goal is to pressure Russia to stop its war in Ukraine by targeting its energy income and key people in the Russian government.Key Facts
- The bill imposes sanctions on Russian President Vladimir Putin, top officials, the military, banks, and energy companies.
- It would block Americans from buying Russian debt or doing business with Russia’s government or energy sector.
- Tariffs up to 100% would be placed on the top five buyers of Russian oil: China, India, Slovakia, Hungary, and Azerbaijan.
- Tariffs would also apply to the top five buyers of Russian natural gas: China, France, Belgium, Japan, and Hungary.
- Countries buying less than 15% of Russia's gas exports would be exempt from tariffs.
- The U.S. would review the list of top buyers every 180 days to encourage them to find other energy sources.
- President Trump can exempt certain entities from sanctions with approval to Congress.
- The bill was supported by 26 senators as of Tuesday, with more expected to join.
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