Watch: Russia oil buyers face 100% U.S. tariffs under new Senate bill
A new U.S. Senate bill, the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026', proposes 100% tariffs on buyers of Russian oil. The legislation also targets Russian officials and financial institutions while extending existing sanctions on Iran.
Why it matters
This bill represents a significant escalation in U.S. economic pressure on Russia and Iran, potentially impacting global energy markets.
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 also targets Russian officials, oligarchs and financial institutions, while extending Iran sanctions until 2031. The bill now moves to the House of Representatives.
Terms & conditions | Institutional Subscriber
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in