A bipartisan group of US senators on July 14 introduced the Sanctioning Russia Act of 2026, unveiling a revised package of sanctions and tariffs aimed at squeezing Moscow's war finances while seeking to overcome concerns that had stalled earlier versions of the legislation.

The bill would impose tariffs of 100% on Russia's top oil and gas importers

The bill would impose tariffs of up to 100% on the top five buyers of Russian oil or natural gas, while granting the U.S. president authority to waive the sanctions "upon a…