U.S. Senators Introduce 'Sanctioning Russia Act of 2026' Targeting Oil Buyers
A bipartisan group of U.S. senators introduced the 'Sanctioning Russia Act of 2026' on July 14, 2026, aimed at ending the four-year war in Ukraine. The legislation, championed by the late Senator Lindsey Graham prior to his death, imposes mandatory sanctions on Russian leaders and heavy tariffs on the top five global buyers of Russian oil. The bill also targets Russia's 'shadow fleet' of tankers and blocks Americans from purchasing Russian debt, representing a major legislative shift in the economic war against Moscow.
Date: July 14, 2026
Location: United States
Conflict: Russia-Ukraine War
Category: sanctions
Severity: MEDIUM
Source: CBS News