Archive · 31 Jul 2026
Tariff Provisions Threaten Passage of Russia Sanctions Bill
A new U.S. law would put very high taxes on the biggest buyers of Russian oil and gas.
Some lawmakers worry the taxes could make prices rise in the U.S. The bill also lets the President skip sanctions if he thinks it’s a national security issue.
The Senate has voted to move it forward, but the House might stop it because of worries about inflation.
Ukraine’s ambassador says the U.S. needs to act fast before winter.
Bill would impose 100% tariffs on the top five importers of Russian oil or gas.
Democrats and some Republicans oppose new tariff powers that could target countries like China, India, and Japan.
Bill allows President Trump to waive sanctions for national security and extend Iran sanctions for five years.
Senate procedural votes show bipartisan support, but House may block due to inflation concerns.
Ukraine's ambassador urges swift action before winter, citing war urgency.
- Who
- U.S. lawmakers, President Donald Trump, Ukraine ambassador Olha Stefanishyna
- What
- Russia sanctions bill with new tariff powers and waiver provisions
- When
- July 31, 2024
- Where
- U.S. Congress, Washington, D.C.
- Why
- To pressure Russia and curb sanctions evasion while addressing concerns over inflation and political balance
- Bill Name
- Sanctioning Russia Act
- Tariff Rate
- 100% on top five importers of Russian oil or gas
- Key Provisions
- President can waive sanctions, extend Iran sanctions for five years
- Senate Support
- Bipartisan procedural votes
- House Opposition
- Inflation concerns and political divisions