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Senate Poised to Vote on Bipartisan 500% Tariffs against Russia’s Energy Buyers

Negotiators are finalizing waiver terms to maintain the president’s control over sanctions ahead of a vote scheduled before the August recess.

A pedestrian walks with an umbrella outside the Embassy of the Russian Federation, near the Glover Park neighborhood of Washington, DC, in February 2022.
Senate Majority Leader John Thune, pictured July 1, said on Wednesday he hopes the Senate votes on the Russian sanctions bill before the August recess.
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Overview

  • The bipartisan measure, supported by 84 senators, would impose a 500% tariff on imports from any country that purchases Russian oil, gas or uranium.
  • The bill provides two 180-day presidential waiver periods, with the second waiver subject to congressional oversight.
  • Senate leaders are working with the White House to refine language that preserves the president’s sole authority over foreign policy decisions on sanctions.
  • President Trump has publicly signaled strong interest in the legislation, emphasizing that enacting or terminating sanctions would be entirely at his discretion.
  • House Speaker Mike Johnson has indicated that the House is ready to consider the sanctions package once it passes the Senate, aiming for final approval before the August recess.