Graham's toughest Russia sanctions bill gains new life after his death
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The toughest Russia sanctions bill proposed by the late U.S. Senator Lindsey Graham has gained new momentum in Congress following his death. The legislation, which targets Russian energy exports and financial institutions, is now being considered for a vote as lawmakers seek to tighten pressure on Moscow.
The Bill's Revival
The bill, originally introduced by Graham in 2024, would impose secondary sanctions on entities purchasing Russian oil above a price cap and restrict transactions with Russian banks. Following Graham's death in June 2026, bipartisan support has surged, with 12 new co-sponsors signing on. The legislation now has 47 co-sponsors in the Senate, according to RFE/RL.
Key Provisions
The bill mandates sanctions on foreign financial institutions that facilitate transactions for Russia's defense sector. It also targets Russian energy exports by lowering the price cap from $60 to $40 per barrel. The Congressional Budget Office estimates the measure could reduce Russian oil revenue by $15 billion annually.
What's Next
The Senate Foreign Relations Committee is expected to mark up the bill in August. It remains unclear whether the legislation will secure the 60 votes needed to overcome a potential filibuster.
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Graham's toughest Russia sanctions bill gains new life after his death
