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yesterday

Senate Poised to Impose 500% Tariffs on Russia as Ukraine Drones Destroy About 40 Warplanes

More than 80 senators have signed on to a bill targeting Russia’s energy revenues with 500% tariffs in coordination with EU measures.

U.S. Senate Majority Leader John Thune (R-SD) holds his weekly press conference following the Republican caucus policy luncheon at Capitol in Washington, D.C., U.S., May 13, 2025.REUTERS/Nathan Howard/File Photo
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Steve Bannon, President Donald Trump's former chief strategist, Sunday, Aug. 19, 2018, in Washington. Sen. Lindsey Graham, R-S.C., during a press conference in Kyiv, Ukraine, on Friday, May 30, 2025.
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Overview

  • Sen. Lindsey Graham (R-S.C.) and Sen. Richard Blumenthal (D-Conn.) lead a bipartisan measure backed by over 80 co-sponsors that would levy 500% tariffs on any country purchasing Russian oil, gas, uranium and other exports.
  • Senate Majority Leader John Thune said the chamber could take up the sanctions bill before the July 4 recess after coordinating with the White House to align timing with ongoing peace talks.
  • European Commission President Ursula von der Leyen welcomed the US initiative following discussions with Graham, saying it will amplify the impact of the EU’s planned 18th sanctions package.
  • House Speaker Mike Johnson endorsed ‘bone-breaking’ penalties on Moscow but President Trump remains noncommittal over the legislation’s effects on diplomatic efforts with Russia.
  • Ukrainian forces deployed over 100 drones in a weekend strike on air bases in Irkutsk and Amur regions, claiming to have damaged or destroyed about 40 warplanes more than 1,000 miles inside Russia.