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2w ago

US Senate Eyes Bipartisan Sanctions Bill Imposing 500% Tariffs on Russian Energy

Lawmakers are awaiting presidential approval to tighten the noose on Moscow’s war finances.

U.S. Senate Majority Leader John Thune (R-SD) holds his weekly press conference following the Republican caucus policy luncheon at Capitol in Washington, D.C., U.S., May 13, 2025.REUTERS/Nathan Howard/File Photo
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Steve Bannon, President Donald Trump's former chief strategist, Sunday, Aug. 19, 2018, in Washington. Sen. Lindsey Graham, R-S.C., during a press conference in Kyiv, Ukraine, on Friday, May 30, 2025.
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Overview

  • Under the Sanctioning Russia Act of 2025, a 500% tariff would apply to any country importing Russian oil, gas, uranium or other exports.
  • The measure has secured more than 80 bipartisan co-sponsors and could reach the Senate floor before the July recess.
  • President Trump has publicly criticized Vladimir Putin’s attacks on Ukraine but has not yet indicated support for the legislation.
  • Senators including Rand Paul warn the secondary tariffs risk serious disruptions to global trade and have vowed to oppose the bill.
  • Ukraine’s recent drone strike reportedly damaged over 40 Russian bombers as stalled peace talks leave the conflict unresolved.