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US Senate may work on Russia sanctions bill this month
Published by Global Banking & Finance Review®
Posted on June 2, 2025
3 min readLast updated: January 23, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on June 2, 2025
3 min readLast updated: January 23, 2026
The US Senate may impose new sanctions on Russia this month, targeting countries trading with Russia amid the Ukraine conflict.
By Patricia Zengerle and David Morgan
WASHINGTON (Reuters) -The Republican leader of the U.S. Senate said on Monday the chamber could begin work this month on a bill imposing stiff sanctions on Russia - and secondary sanctions on countries that trade with Russia - over its war in Ukraine.
Majority Leader John Thune said President Donald Trump's administration still hopes for an agreement to end the three-year-old conflict, but the Senate is prepared to help put pressure on Moscow.
"We also stand ready to provide President Trump with any tools he needs to get Russia to finally come to the table in a real way," Thune said in a speech opening the Senate.
Thune told reporters afterward he has been discussing the sanctions legislation with the White House.
The measure would impose 500% tariffs on countries that buy Russian oil, gas, uranium and other exports. China and India account for about 70% of Russia's international energy business, which helps fund its war effort.
The bill, whose lead sponsors are Republican Senator Lindsey Graham of South Carolina and Democratic Senator Richard Blumenthal of Connecticut, now has at least 82 co-sponsors in the 100-member Senate.
Graham said in Kyiv last week he thought the Senate could take up the bill as soon as this week, but Thune did not set that timeframe.
"I think right now they're still hopeful they'll be able to strike some sort of a deal. But as you might expect, there's a high level of interest here in the Senate, on both sides of the aisle, and moving on it, and it very well could be something that we would take up in this work period," Thune said.
He was referring to the weeks before lawmakers leave Washington ahead of the July 4 Independence Day recess.
"We're working with the White House to try and ensure that what we do and when we do it, it works well with the negotiations that they've got under way," Thune said.
Graham has said the legislation would impose "bone-breaking sanctions" on Russia and its customers if Moscow does not engage in talks, or if it initiates another effort undermining Ukraine's sovereignty after any peace deal.
The measure is a rare example of bipartisanship in the bitterly divided U.S. Congress. Trump appears to be growing increasingly impatient with what he has suggested might be foot-dragging over a wider agreement with Moscow to end the war.
To become law, the legislation must pass the Senate and House of Representatives and be signed by Trump. Trump has said he worries more sanctions would hurt prospects for a peace deal.
There has been no indication from the House's Republican leaders of any plan to allow a vote on the sanctions package.
(Reporting by Patricia Zengerle; additional reporting by David Morgan; editing by Nia Williams)
The bill would impose 500% tariffs on countries that purchase Russian oil, gas, uranium, and other exports.
The lead sponsors are Republican Senator Lindsey Graham of South Carolina and Democratic Senator Richard Blumenthal of Connecticut.
The Senate may begin working on the bill this month, with discussions ongoing between Senate leaders and the White House.
Senator Graham mentioned that the legislation would impose 'bone-breaking sanctions' on Russia and its customers if Moscow fails to engage in negotiations.
President Trump has expressed worries that additional sanctions could hinder the prospects for a peace deal with Russia.
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