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3w ago

Senators Unveil Trump‑Backed Russia Sanctions Bill With Capped 100% Tariffs

The bill pairs a targeted 100% tariff with sweeping blocking sanctions to cut Moscow’s energy revenues.

The U.S. flag flies at half-staff at the Capitol in Washington, Monday, July 13, 2026, after the sudden death of prominent Republican Senator Lindsey Graham of South Carolina. (AP Photo/Mariam Zuhaib)
KYIV, UKRAINE - JULY 06: Firefighters work on a partially collapsed building at the scene of an attack as Russian missiles and drones struck Kyiv overnight on Monday, killing at least ten people and heavily damaging apartment buildings on July 6, 2026 in Kyiv, Ukraine. The large scale attack happened a few days after the deadliest assault on the capital city this year. (Photo by Paula Bronstein/Getty Images)
KYIV, UKRAINE - JULY 06: Emergency workers and machinery clear debris from the scene of an attack as Russian missiles and drones struck Kyiv overnight killing at least 15 people on July 6, 2026 in Kyiv, Ukraine. At least 15 people were killed and dozens injured after a Russian attack hit multiple apartment blocks, in the second large attack in Kyiv within a week. (Photo by Paula Bronstein/Getty Images)
Russian President Vladimir Putin meets with journalists to comment on new U.S. sanctions targeting two major Russia's oil producers, as well as other international issues, in Moscow, Russia, October 23, 2025. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY.

Overview

  • A bipartisan Senate draft unveiled Tuesday limits a proposed blanket tariff to a maximum 100% applied to the five largest buyers of Russian crude.
  • The five crude purchasers named by aides are China, India, Slovakia, Hungary and Azerbaijan while top gas importers listed include China, France, Japan, Hungary and Belgium.
  • The measure expands blocking sanctions on senior Russian officials, major banks, state energy projects and the shadow tanker fleet and gives the president authority to grant waivers.
  • Senate aides say the bill has roughly 26 co-sponsors and public White House backing from President Trump, but it still requires committee action and floor votes before becoming law.
  • The draft contains no crypto-specific enforcement language even as analysts warn that ruble‑linked token networks and other digital channels have been used to move funds and could prompt separate regulatory steps.