Overview

• The Sanctioning Russia Act would impose up to 500% tariffs on oil, gas, uranium and other exports imported by countries such as China and India to choke off Russia’s war financing.
• The measure has garnered 84 Senate co-sponsors from both parties and has support from House Speaker Mike Johnson, illustrating broad congressional backing.
• President Trump’s unilateral announcement of 100% tariffs on Russian goods has temporarily sidelined the congressional effort.
• Senate Majority Leader John Thune affirmed that senators are ready to advance the refined sanctions package once the president signals it adds leverage to negotiations.
• Sponsors Lindsey Graham and Richard Blumenthal have worked to align the bill with White House requirements to strengthen the president’s legal and political tools.