The US Senate passed a bill on sanctions against Russia, aimed at punishing Russian oil purchasers and sanctioning Russian leaders.
The bill passed with bipartisan support, 86 votes to 11, and has now been sent to the House of Representatives. The bill, titled the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," would impose tariffs of up to 100% on the top five purchasers of Russian crude oil or natural gas, including China and India. Additionally, the bill implements sanctions against Russian leaders and officials, such as Russian President Putin, oligarchs, and financial institutions. At the request of President Donald Trump, the bill also expands sanctions to Iran's weapons and energy sectors.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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