Overview

• Senators Lindsey Graham and Richard Blumenthal’s bill has attracted 85 Senate co-sponsors and is slated for a floor vote before Congress’s August recess with strong backing from House Speaker Mike Johnson.
• The legislation would empower the president to impose up to 500% tariffs on imports from any country buying Russian oil, gas or uranium to choke off funding for Moscow’s war machine.
• Sen. Graham forecast a “record level” of U.S. weapons flowing to Ukraine in the coming days, financed by Trump’s presidential drawdown authority and potentially totaling up to $300 million.
• President Trump is expected to deliver a major policy statement on Russia and to meet NATO Secretary General Mark Rutte to coordinate measures including the use of seized Russian assets.
• Weekend missile and drone assaults in Ukraine’s Bukovina and Lviv regions killed and wounded dozens of civilians, underscoring lawmakers’ urgency for tougher sanctions and additional military aid.