Sanctions and other measures would be imposed on the Russian Federation under legislation introduced on July 16 by U.S. Sen. Jerry Moran (R-KS).
“This legislation would make a difference against Russia’s unjust war in Ukraine,” said Sen. Moran, who is one of 61 original cosponsors of the bipartisan Sanctioning Russia Act of 2026, S. 5025, which is sponsored by U.S. Sen. Darline Graham (R-SC) and lead cosponsor U.S. Sen. Richard Blumenthal (D-CT).
“The White House has taken an important step in endorsing this long-standing legislation,” continued Sen. Moran. “The message is clear to friends and foe alike: you can do business with Russia or the United States, but not both.”
Specifically, S. 5025 includes mandatory sanctions on Russian Federation President Vladimir Putin, senior Russian political and military leaders, oligarchs, state-owned enterprises, Russian financial institutions, Russia’s largest state energy projects, and foreign companies supporting Russia’s defense industrial base.
The bill also would explicitly sanction Russia’s Shadow Fleet and any foreign person or vessel that is used by the Russian government for sanctions evasion, according to a bill summary provided by Sen. Moran’s office.
The bill also would impose tariffs on imports from countries that are the world’s top five purchases of Russian oil or natural gas or are among the top five facilitators of Russian oil sanctions evasion.
Additionally, the measure contains a waiver, consistent with other mandatory sanctions legislation, that would allow the U.S. president to waive sanctions, restrictions, or duties upon a justification and certification to Congress that the waiver is in the national interest of the United States.
The bill also would repeal the sunset of the Iran Sanctions Act of 1996 in an effort to apply additional pressure directly on Iran as it continues to support Russia’s invasion of Ukraine, the summary says.
The legislation has been referred to the U.S. Senate Banking, Housing, and Urban Affairs Committee for consideration.