On Friday, August 7th, 2026, the US Senate overwhelmingly approved a comprehensive sanctions package aimed at curbing Russia's energy revenues. The bipartisan bill passed with a vote of 86-11 and targets Russian officials, oligarchs, financial institutions, and the so-called shadow fleet used to evade oil export restrictions.

The legislation authorizes US President Donald Trump to impose tariffs of up to 500% on Russian imports, including gas and oil. It also allows tariffs of up to 100% on goods from major purchasers of Russian energy, such as China and India. Additionally, the sanctions expand to cover older, reflagged oil tankers that Russia uses to bypass existing restrictions.

If enacted into law, Russian President Vladimir Putin and other top officials would be among those targeted. The bill includes waiver authority for the president to lift sanctions if deemed in the national interest.

Named after the late Senator Lindsey Graham, who passed away on July 11th after over a year of advocating for the bill, the legislation reflects a significant move by the Senate during Trump's second term to influence the ongoing conflict involving Russia. Shortly before his death, Graham announced an agreement with the White House on a revised version of the bill, including extended sanctions authority related to Iran's energy and weapons sectors.

The bill now proceeds to the House of Representatives, where a vote is expected no earlier than early September due to the congressional summer recess.

Sources

Euronews