House Advances Russia-Iran Sanctions Bill Targeting Putin’s Oil Revenues
Key Takeaways
- •The House advanced bipartisan sanctions legislation identical to the Senate-passed bill, named after the late Senator Lindsey Graham, who had worked on the package for over a year.
- •The bill would impose sanctions on Russian banks, energy revenues, oligarchs, the shadow fleet, and sanctions-evasion networks, while also extending the Iran Sanctions Act through 2031.
- •A key provision authorizes tariffs of up to 500 percent on Russian imports and up to 100 percent on goods from countries that are major purchasers of Russian energy, such as India and China.
- •The sanctions could only be terminated after the president certifies to Congress that Russia has signed a peace agreement accepted by Ukraine and ceased all hostile military activities.
- •The package does not include $8 billion in military and reconstruction assistance or sanctions related to the abduction of Ukrainian children, omissions that could fuel debate over whether sanctions alone can shape the war's outcome.

The U.S. House of Representatives moved on August 10 to advance a sweeping Russia and Iran sanctions package, just days after the Senate approved the measure by an 86-11 vote. The bill opens the next phase of a congressional effort to squeeze Moscow's war economy and give President Donald Trump additional leverage to push Russia toward negotiations with Ukraine. It would represent the most comprehensive Russia sanctions legislation to advance through Congress since Moscow's full-scale invasion in February 2022, layering new restrictions on top of existing executive-branch measures.
The House acted unusually quickly while it was in its August recess. Republican Representatives Michael McCaul of Texas and Brian Fitzpatrick of Pennsylvania, Democratic Congressman Steny Hoyer of Maryland, and a broad bipartisan group introduced the House companion to the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026.
The House legislation is identical to the measure passed by the Senate last week.
Named after the late Senator Lindsey Graham, the bill would target Russian banks, energy revenues, oligarchs, the Kremlin-linked "shadow fleet," sanctions-evasion networks, and foreign governments and companies that help sustain Moscow's war against Ukraine. It would also extend longstanding sanctions against Iran through 2031.
The rapid House move gives supporters a chance to build on the Senate's broad bipartisan margin, but it also sets up a potentially difficult debate over the bill's tariff provisions and the extent of presidential authority over countries that continue buying Russian energy.
Congress in recess
McCaul, a former chairman of the House Foreign Affairs Committee, said he had promised Graham before his death that he would introduce the legislation in the House.
"Senator Graham was a national security giant, a statesman of unmatched conviction, and a personal friend and mentor," McCaul said, adding that Graham had worked on the legislation for more than a year and had secured White House support.
McCaul said Ukrainian President Volodymyr Zelenskyy told him during a visit to Ukraine last month that he was ready for a cease-fire and negotiations, while Russian President Vladimir Putin continued to refuse to come to the negotiating table.
The Texas Republican said the sanctions would increase pressure on Putin and advance what he described as Graham's vision of an enduring peace.
Hoyer, one of the House's most senior Democrats, said the measure was long overdue. The Maryland Democrat said the bill would attack multiple sources of Russian war financing, including oil and gas, the shadow fleet, and financial institutions.
"We must send the strongest possible message of American support as Ukraine defends democracy against despotism," Hoyer said in a statement.
Hoyer also pointed to a significant omission: the sanctions package does not include several provisions contained in the Ukraine Support Act, including $8 billion in military and reconstruction assistance and sanctions related to the kidnapping of Ukrainian children into Russia.
That absence could become part of a broader House debate over whether sanctions alone are enough to shape the war's outcome.
The legislation has backing from lawmakers across the political spectrum. Original cosponsors include Republicans Joe Wilson of South Carolina, House Baltic Caucus co-Chair Don Bacon of Nebraska, Armed Services Committee Chairman Mike Rogers of Alabama, Mike Turner of Ohio, Ann Wagner of Missouri, Andy Barr of Kentucky, and Nathaniel Moran of Texas, as well as Democrats Congressional Ukraine Caucus co-founder and co-Chair Marcy Kaptur of Ohio, Jake Auchincloss of Massachusetts, Jill Tokuda of Hawaii, Gabe Vasquez of New Mexico, Josh Gottheimer of New Jersey, Ed Case of Hawaii, Eugene Vindman of Virginia, and Chrissy Houlahan of Pennsylvania.
Fitzpatrick said the legislation attacks what he described as the three foundations of Putin's war machine: "oil, money, and the willingness of others to look the other way." He said the bill would isolate Russian banks, shut down financing networks and force governments and companies that support Moscow to decide whether to continue doing business with Russia.
"The most fitting tribute Congress can offer Lindsey is to finish the work he began," Fitzpatrick said.
New tariffs
The bill's most powerful — and potentially most contentious — provision would give Trump significant new authority to impose tariffs on countries that continue to purchase Russian oil and gas or help Moscow evade sanctions.
The legislation authorizes duties of up to 500 percent on goods imported from Russia and targeted duties of up to 100 percent on goods from countries that are among the largest purchasers of Russian crude oil or natural gas, or the leading facilitators of Russian oil sanctions evasion. India and China have emerged as the primary buyers of Russian crude since 2022, when Western sanctions drove Moscow to redirect its energy exports from Europe to Asian markets at discounted prices.
Hoyer said negotiations could continue over the exact scope of presidential tariff authority. In his statement, he pointed to a proposal limiting that authority to eight nations whose imports are helping finance Russia's war. That provision could prove decisive once lawmakers return to Washington.
Senior House aides familiar with the discussions told RFE/RL that the immediate challenge is preserving the bipartisan coalition that produced the Senate's 86-11 vote without reopening the entire package. Supporters want to use the Senate vote as momentum for quick House action while avoiding changes that could trigger another long round of negotiations.
The aides said the sanctions themselves have broad support. The harder question is how far Congress should go in delegating tariff power to the president and how aggressively the measure should be applied to major buyers of Russian energy.
That distinction could become the central House fight.
Supporters argue that the tariff threat is what gives the legislation force. Countries that continue buying Russian energy would have to weigh access to the U.S. market against their commercial relationship with Moscow.
Critics, however, could argue that broad tariff authority risks creating economic consequences beyond Russia and gives the White House significant discretion over trade policy.
For supporters of Ukraine, the trade-off is justified.
Yuriy Boyechko, CEO of Hope For Ukraine, a New Jersey-based nonprofit delivering medical and humanitarian supplies to civilians and frontline areas, told RFE/RL that the House introduction provides the economic pressure needed to strike at the foundations of Russia's war effort.
"The introduction of the House companion bill by Representatives Brian Fitzpatrick, Michael McCaul, Steny Hoyer, and a broad bipartisan coalition offers the precise economic sledgehammer needed to break the Russian economy," Boyechko said.
He said the combination of the House's rapid action and the Senate's 86-11 vote could give Washington a mechanism for targeting what he described as the remaining foreign revenue streams supporting the Kremlin.
"By threatening 100 percent tariffs on buyers of Russian energy, dismantling the illicit shadow tanker fleet, and isolating Russian financial institutions, the legislation targets the remaining foreign revenue streams sustaining the Kremlin's budget," Boyechko said.
He argued that cutting those revenues could eventually force Moscow to negotiate.
"Squeezing these vital energy revenues and financial lifelines threatens total economic exhaustion for Russia, removing its capacity to finance prolonged aggression and forcing Moscow to negotiate on Ukraine's terms," he said.
Bill targets Russia's financial and energy lifelines
The legislation goes well beyond sanctions on individual Russian officials.
It would target senior Russian officials, oligarchs, companies supporting Russia's defense-industrial base, and foreign actors materially assisting Moscow's military operations or efforts to undermine Ukraine's sovereignty, territorial integrity, democratic institutions, and critical infrastructure.
It would also impose sanctions on major Russian financial institutions and certain foreign financial institutions that conduct significant transactions with sanctioned Russian banks.
Another major target is Russia's shadow fleet — vessels, owners, operators, insurers, ports, and other intermediaries involved in moving Russian oil and sanctioned goods while helping Moscow evade Western restrictions. The fleet of aging, often uninsured tankers has enabled Russia to sell crude above the $60-per-barrel price cap imposed by the G7 and its allies in December 2022, undercutting one of the West's primary mechanisms for limiting Moscow's energy revenues.
The bill would prohibit new U.S. investment in Russia, restrict investment in Russia's energy sector, prohibit purchases of Russian sovereign debt, and target financial-messaging services used to circumvent sanctions.
Energy remains central to the strategy. Supporters say Russian oil and gas revenues are still critical to the Kremlin's ability to finance its military campaign, despite years of Western sanctions.
Beyond Russia
The bill also extends beyond Russia.
It would extend the Iran Sanctions Act of 1996 through 2031, preserving sanctions authorities targeting Iran's energy and weapons sectors.
Rogers said the Iran provisions were necessary because of Tehran's threats to freedom of navigation in the Strait of Hormuz and its role in supporting Russia. Iran has supplied Russia with Shahed attack drones and ballistic missiles used in the war against Ukraine, deepening military cooperation between the two countries.
Moran said the legislation would also target dangerous Chinese entities supporting Russia's defense-industrial base.
That provision adds another geopolitical layer as Washington confronts both Moscow and Beijing over their expanding strategic relationship.
One of the bill's most consequential provisions concerns when Russia-related sanctions could be lifted.
The legislation would allow the president to terminate the sanctions only after certifying to Congress that Russia had signed a peace agreement accepted by Ukraine's free and independent government and had ceased military hostilities and activities aimed at overthrowing, dismantling, or subverting the Ukrainian government.
The condition is intended to ensure that sanctions retain leverage rather than becoming a temporary punishment.
Fitzpatrick said the goal was a peace "determined by Ukraine, not imposed by Moscow."
Houlahan similarly described sanctions as a diplomatic tool, while cautioning that they cannot replace a broader strategy or the president's responsibility to seek congressional authorization for war.
The House move also carries a personal dimension.
Graham, who worked on the package for more than a year, became one of Congress's most prominent advocates of tougher economic pressure on Russia. His sister, Senator Darline Graham of South Carolina, said the legislation was deeply important to him and expressed hope that the House would match the Senate's bipartisan support.
For congressional Republicans and Democrats backing the bill, that legacy now intersects with a larger strategic question: whether economic pressure can alter Putin's calculations at a moment when the Trump administration says it wants an end to the war.
The Senate has already answered one part of that question with an overwhelming vote. The House must now decide whether it can preserve that bipartisan consensus and turn the Graham sanctions package into law.
By RFE/RL