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. 105. Prohibition on transfers of funds involving the Russian Federation

(a) In general. Except as provided by subsection (b), effective on the date that is 30 days after the date of the enactment of this Act, a depository institution (as defined in section 19(b)(1)(A) of the Federal Reserve Act (12 U.S.C. 461(b)(1)(A))) or a broker or dealer in securities registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) may not process transfers of funds—

(1) to or from the Government of the Russian Federation, including any entity owned by the Government of the Russian Federation; or

(2) for the direct or indirect benefit of officials of the Government of the Russian Federation.

(b) Exception. A depository institution, broker, or dealer described in subsection (a) may process a transfer described in that subsection if the transfer arises from, and is ordinarily incident and necessary to give effect to, an underlying transaction that is authorized by a specific or general license.

II Other matters