Overview
- Senators formally introduced the Lindsey O. Graham Sanctioning Russia Act of 2026 as a bipartisan package that pairs sanctions with new tariff authority allowing up to 100% tariffs on top foreign purchasers of Russian oil and natural gas.
- As written, the bill lets the president target three unnamed groups—the top five oil importers, the top five gas importers, and the top five sanctions-evaders—without listing specific countries, which critics say could sweep in allies or major buyers like China or India.
- The proposal has split Senate Democrats, including several potential 2028 presidential contenders, who back pressure on Russia but worry the text would hand President Trump broad, unilateral power to impose geopolitical tariffs.
- Supporters are negotiating changes and possible carve-outs to narrow the tariff language and protect certain buyers, but details on exemptions, U.S. Trade Representative implementation steps, and presidential waiver limits remain unsettled.
- Senate Majority Leader John Thune is seeking unanimous consent to fast-track floor consideration, but Democratic objections and the need for amendments or votes mean the bill’s path to approval and any House action are uncertain.