Overview
- The bipartisan Senate draft was unveiled Wednesday and carries about 26 initial co-sponsors according to Senate staff.
- The bill would impose secondary tariffs capped at 100 percent on imports from the five largest buyers of Russian oil and gas to reduce Moscow’s export income.
- It includes a 15 percent gas‑import exemption for countries that take less Russian gas and show steps to reduce dependence and adds a presidential authority to suspend measures for national security reasons.
- Beyond tariffs the text broadens sectoral penalties on Russia’s energy, finance and defence sectors, targets oligarchs and would sanction the so‑called shadow fleet that uses ship‑to‑ship transfers to hide oil origins.
- Senators framed the package as a compromise born of concerns for allies and trade ties while cautioning that final Senate passage and a firm pledge from President Trump to apply the measures remain unresolved.