S. 5025

Lindsey O. Graham Sanctioning Russia Act of 2026

Sponsor: Darline Graham

63 cosponsors
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Official summary

Written by the Congressional Research Service.

Lindsey O. Graham Sanctioning Russia Act of 2026

This bill imposes a variety of sanctions, tariffs, and prohibitions related to Russia.

For example, under the bill, the President must 

  • impose visa- and property-blocking sanctions on specified persons (individuals and entities) such as the Russian president, certain Russian military commanders, and any foreign person that knowingly provides goods or services relating to Russia's defense industrial base;
  • increase the rate of duty on all goods imported into the United States from Russia to a rate of up to 500% ad valorem (i.e., relative to the value);
  • increase the rate of duty up to 100% ad valorem on all goods imported into the United States from a country that was among the five largest importers of Russian-origin crude oil or natural gas if such country knowingly makes new purchases of such products after enactment of the bill;
  • impose property-blocking sanctions on financial institutions organized under Russian law and owned wholly or partly by Russia; and 
  • impose property-blocking sanctions on foreign vessels that knowingly transport certain products of Russian origin, including crude oil, uranium, and coal. 

The bill prohibits (1) the export, reexport, or in-country transfer to or in Russia of U.S.-produced energy or energy product; (2) U.S. persons from making new investments in Russia or purchasing Russian sovereign debt; and (3) trading the securities of Russian government-owned, -controlled, or -affiliated entities on U.S. national securities exchanges.

The President may waive requirements of the bill by certifying it is in the national interest.

Text of the bill

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I Sanctions with respect to the Russian Federation

Sec. 110. Prohibition on provision of services to sanctioned financial institutions by international financial messaging systems

(a) In general. Not later than 30 days after the date of the enactment of this Act, and every 180 days thereafter, the President shall—

(1) review any person that may be described in subsection (b); and

(2) impose sanctions pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) with respect to any person the President determines is described in that subsection.

(b) Persons described. A person described in this subsection is—

(1) any entity that—

(A) operates with the intent to predominantly engage in the business of providing global financial messaging services; and

(B) is determined by the Secretary of the Treasury, in consultation with the Secretary of State, as knowingly being used to circumvent any sanctions imposed under section 103 or any other provision of this title; or

(2) a leader, official, senior executive officer, or member of the board of directors of, or principal shareholder with a controlling or majority interest in, any entity described in paragraph (1).

(c) Exception. The President may waive the imposition of sanctions under subsection (a) with respect to an entity predominantly engaged in the business of providing global financial messaging services for, directly providing such services to, or enabling or facilitating direct or indirect access to such services for, any financial institution subject to sanctions under section 103 or any other provision of this title if—

(1) the entity—

(A) is subject to a sanctions regime under its governing foreign law that requires it to eliminate the knowing provision of such services to, and the knowing enabling and facilitation of direct or indirect access to such services for, foreign financial institutions identified under such governing foreign law for purposes of that sanctions regime if the President determines that the sanctions regime under governing foreign law is not inconsistent with the economic or foreign policy interests of the United States; and

(B) has, pursuant to that sanctions regime, terminated the knowing provision of such services to, and the knowing enabling and facilitation of direct or indirect access to such services for, foreign financial institutions identified under such governing foreign law for purposes of that sanctions regime; or

(2) the entity provides significant financial messaging services to United States financial institutions, as determined by the Secretary of the Treasury, in consultation with the Secretary of State.

(d) Rule of construction. Nothing in this section shall be construed to limit the authority of the President pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).

II Other matters