On July 14, 2026, a new sanctions bill was introduced in the U.S. Senate aimed at tightening the export of oil and gas from Russia:
This bill replaces the previously proposed 500% tariffs with tariffs of up to 100%, primarily targeting the largest buyers of Russian oil and gas:
The legislation mandates sanctions against Russian President Vladimir Putin, political and military leaders, state-owned enterprises, financial institutions, oligarchs, and foreign companies supporting Russia's defense industrial base:
Supporters of the bill argue that it directly targets the financial foundation of Russia's war:
