Senate Bill Would Give President Power To Impose 100% Tariffs On Top Buyers Of Russian Energy

Overview

• The measure has won reported backing from more than 60 senators as of July 17, 2026, a level of support that is sufficient to overcome a Senate filibuster but has not been scheduled for debate or a vote.
• Under the bill the president could levy tariffs up to 100 percent on goods from the five largest buyers of Russian oil and gas, a change sponsors say would cut Moscow’s energy revenue.
• The tariff authority is paired with targeted sanctions aimed at Russia’s ‘shadow fleet,’ financial institutions, major energy projects including Yamal LNG, and senior Russian leaders.
• Senate Democrats and committee staff warn the tariff power expands executive authority without a congressional repeal mechanism, could be used against U.S. allies, and may push up prices for American consumers.
• The package was drafted by the late Sen. Lindsey Graham with Sen. Richard Blumenthal, President Trump has signaled readiness to sign if it reaches his desk, and the House has not yet taken up the bill.