Senate Passes Bill Authorizing Tariffs and Sanctions on Russia and Third-Country Russian-Product Importers

On August 7, 2026, the Senate passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (S.Amdt. 6711 to H.R. 5334, 86-11), which would authorize tariffs against Russia and third countries importing specified Russian products and expand congressional oversight of Russia sanctions imposed since 2022. Separately, Treasury's general licenses temporarily easing Russian oil export sanctions expired June 17...