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Senate Prepares to Advance 500% Tariffs on Countries Buying Russian Energy

Expanded waivers plus carveouts secured presidential backing for a floor vote this week.

Overview

  • Senate Majority Leader John Thune has promised a scheduling announcement this week as senators prepare for floor action on the sanctions bill.
  • The measure imposes a 500 percent tariff on imports from any country purchasing Russian uranium, gas or oil to penalize backers of Moscow’s war machine.
  • The legislation has garnered more than 80 bipartisan cosponsors and is co-authored by Sens. Lindsey Graham and Richard Blumenthal.
  • It establishes an initial 180-day presidential waiver and a second 180-day waiver that requires congressional approval before extension.
  • President Trump has publicly endorsed the revised bill, and the Pentagon has resumed defensive weapons shipments to Ukraine.