Lindsey O. Graham Sanctioning Russia Act of 2026

Key Points

• The bill freezes the U.S.-based assets of Russia's top leaders and military commanders, from the president and prime minister down to military district commanders, and cancels their U.S. visas. It also blocks major Russian banks like Sberbank, VTB, and Gazprombank from the U.S. financial system.
• It places import duties of up to 500 percent on all goods coming from Russia, including oil, gas, and coal. It also bans Americans from making new investments in Russia and from exporting U.S. energy products to the country.
• Countries that keep buying large amounts of Russian oil or gas, or that help Russia dodge sanctions, could face duties of up to 100 percent on all goods they send to the U.S. The list targets the top five importers of Russian energy and the top five countries facilitating evasion.
• The bill bans Russian government-linked companies from being listed or traded on U.S. stock exchanges, blocks imports of Russian uranium, and threatens to cut off international financial messaging systems that keep serving sanctioned Russian banks.
• Sanctions stay in place until Russia signs a peace agreement accepted by Ukraine and stops all military hostilities. Before the President can lift any sanction early, Congress gets a chance to block it with a fast-track joint resolution of disapproval.