H.R. 5334: Lindsey O. Graham Sanctioning russia and Iran Act of 2026
Oil and gas sales fund russia's war on Ukraine, and shadow fleet tankers evade sanctions. This law requires the President to freeze U.S. assets of russia's top officials, state banks and oligarchs and block shadow fleet ships. It also requires tariffs of up to 500 percent on russian goods and up to 100 percent on the five largest buyers of russian oil or gas that keep buying, and extends the Iran Sanctions Act to 2031. It passed the Senate 86 to 11 and became law on September 18, 2026.
Why it matters
Oil and gas sales pay for russia's war, and this law goes after that money: sanctions on russia's leaders, banks and shadow fleet, and duties on russian goods and on the largest buyers of its oil and gas. The law required the administration to start imposing them within 30 days, and the President can waive them only after certifying to Congress that a waiver serves the national interest. Thank your members of Congress who voted for it, and ask them to press the administration to enforce it fully.
- Status
- Signed Into Law
- Chamber
- House
- Committee
- Ways and Means
- Sponsor
- Rep. Jimmy Panetta (D-CA-19)
- Cosponsors
- 23
- Introduced
- 2025-09-11
Official text on Congress.gov
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