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Trump Endorses Senate Drive to Punish Russia’s Trade Partners With Tariffs Up to 500%

The White House says he will sign if the bill preserves final sanction authority with the president, prompting senators to prepare a vote.

President Donald Trump and Russia's President Vladimir Putin shake hands during a joint press conference at Joint Base Elmendorf-Richardson, Alaska, Friday, Aug. 15, 2025. (AP Photo/Jae C. Hong)
U.S. President Donald Trump and Russian President Vladimir Putin shake hands during a press conference following their meeting to negotiate an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, U.S., August 15, 2025. REUTERS/Jeenah Moon
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BRUSSELS, BELGIUM - NOVEMBER 15: The PJSC Lukoil Oil Company tank storage of Neder-Over-Heembeek are seen on November 15, 2025 in Brussels, Belgium. As of November 2025, Lukoil is reeling under severe U.S. and Western sanctions, which have forced the company to divest international assets and halt operations at major projects, including Iraq's West Qurna-2 oil field. Facing a November 21 deadline to wind down foreign operations, Lukoil struggles to find buyerseven among major partners like India and Chinaand recently saw a $22 billion asset sale to Gunvor collapse. Sanctions from the U.S. and UK have also disrupted its activities in Finland, Bulgaria, and other key regions. The company is now urgently seeking buyers for its overseas assets, including European refineries and stakes in oilfields across Kazakhstan, Iraq, Ghana, and Nigeria, as pressure mounts from governments and potential investors like Carlyle. (Photo by Thierry Monasse/Getty Images)

Overview

  • A senior White House official said Trump would sign sanctions legislation provided it includes language ensuring he retains ultimate decision-making power.
  • Sen. Lindsey Graham said the Senate will move the bill toward a vote after Trump’s public support, with more than 80 cosponsors but no firm timetable.
  • The proposal would authorize tariffs of up to 500% on imports from countries that buy Russian oil or gas, targeting big buyers such as China and India, and Trump said Iran may be included.
  • The push builds on recent actions that include October sanctions on Rosneft and Lukoil, with Treasury later delaying parts of the Lukoil rollout to allow asset sales.
  • The administration has already doubled tariffs on Indian goods to 50% over Russian oil purchases, and reports indicate some refiners have paused buying Russian crude in response to U.S. measures.