The US Senate on Friday passed a sweeping sanctions package targeting Russia’s energy revenues.
The legislation now heads to the US House of Representatives, although a vote there would not take place until at least early next month due to the congressional summer recess.
“This could finally bring Russia to the negotiating table and end this conflict” between Russia and Ukraine, said Republican US Senator Jim Risch, who also chairs the US Senate Foreign Relations Committee.
Photo: Getty Images via AFP
“It will make a decisive impact that goes beyond what can be achieved on the battlefield. It will cut off the flow of cash that powers Putin’s war machine,” he said.
The bill aims to target the Russian energy sector by imposing tariffs of up to 500 percent on imports from Russia, including gas and oil.
It also includes 100 percent tariffs on the five main importing countries of Russian gas and oil, including China and India. New sanctions against Russian President Vladimir Putin and other high-ranking officials are also to be imposed. For the first time, the US is also targeting Russia’s shadow fleet, a clandestine network of ships used by Moscow to circumvent Western embargoes since the 2022 invasion of Ukraine.
The bill was named in honor of the late US Republican senator Lindsey Graham, who died on July 11 and had strongly advocated for new sanctions against Moscow, because of its invasion of Ukraine. The day before his death, Graham, along with other Republican and Democratic senators, announced that they had secured the White House’s approval to pass new sanctions on Russian hydrocarbons, measures that had previously been blocked by US President Donald Trump.
His sister, Darline Graham, who succeeded him in the Senate, said the bill “hits Putin where it hurts.”
Democratic US Senator Jeanne Shaheen, a member of the Foreign Affairs Committee, said the bill sent “Vladimir Putin an unambiguous and bipartisan message in the only language he understands: pressure.”
Democratic US Senator Raphael Warnock said US Trade Representative Jamieson Greer finally gave assurances that countries among the top five buyers of Russian oil and gas would no longer be penalized if they dropped in the rankings to sixth or lower.
Several US House of Representatives members nevertheless expressed reservations about the bill, suggesting that passage in the lower chamber could be more difficult than in the Senate.
These new tariff powers could be used without restraint by Trump, Democratic US representatives Gregory Meeks and Don Beyer stated in a joint statement, calling the version adopted on Friday “unacceptable.”
European Commission President Ursula von der Leyen welcomed the passage of the bill.
“Together, let us drain Russia’s means to continue a war it cannot win,” she wrote on X.
The Russian embassy in Washington last month condemned the legislation.
Given the war in Iran, “with an impending energy crisis and rising gas prices on the eve of the midterm elections, sanctioning Russia and its trading partners... would be extremely counterproductive for the United States,” the embassy said in a statement.
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