U.S. Senate Passes Sanctions Legislation Targeting Russia and Iran
The U.S. Senate has passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, with a vote of 86-11. This legislation aims to hold major purchasers of Russian oil and gas accountable for supporting Russia's war against Ukraine and extends the Iran Sanctions Act by five years. The bill targets Russian officials, oligarchs, and financial institutions, and imposes tariffs on major importers of Russian crude oil. The legislation is supported by the White House, which has indicated that President Trump would sign it into law if passed by the House.