On Tuesday, the Senate is expected to initiate votes on a sanctions bill named after the late Senator Lindsey Graham, which seeks to undermine Russia's war efforts in Ukraine by targeting its oil sales. Lawmakers, including Senators Richard Blumenthal and Graham, have reached a bipartisan agreement to combine sanctions against Russia with those aimed at Iran, allowing for a vote later in the day.
The bill proposes extensive sanctions against Russian officials, oligarchs, and financial institutions, as well as new tariff authorities for the president to impose on countries that purchase Russian oil. This legislation is seen as a critical step in supporting Ukraine and curbing the financial resources available to Russian President Vladimir Putin.
Additionally, the bill extends sanctions authority related to Iran's energy and weapons sectors, reflecting ongoing tensions with that nation. The timing of the vote coincides with Ukrainian President Volodymyr Zelensky's visit to Washington for Graham's funeral, emphasizing the bill's significance in honoring Graham's legacy while addressing pressing geopolitical issues