On the 7th, the US Senate passed a new bill imposing sanctions against Russia with 86 votes in favor and 11 against. The bill is named after the late Senator Lindsey Graham, and targets include senior Russian government officials, relevant financial institutions, and other entities owned or controlled by the Russian government. Prohibitions include transfers of funds involving Russia, listing or trading of Russian entities in the US, US individuals or companies investing in or purchasing Russian sovereign bonds in Russia, exporting or investing in the Russian energy industry, and importing Russian uranium. Notably, the bill authorizes the US federal government to levy up to 500% ad valorem tariffs on goods imported from Russia, and up to 100% ad valorem tariffs on goods exported to the US from the top five importers of Russian crude oil or gas. The bill also covers exceptions, which authorize the US President to conditionally provide exemptions from sanctions. Furthermore, the bill simultaneously extends sanctions against Iran. However, the bill has yet to be passed by the US House of Representatives and signed by the President before it can take effect, and there is uncertainty about whether it will finally be implemented.

On the 7th, the US Senate passed a new bill imposing sanctions against Russia with 86 votes in favor and 11 against. The bill is named after the late Senator Lindsey Graham, and targets include senior Russian government officials, relevant financial institutions, and other entities owned or controlled by the Russian government. Prohibitions include transfers of funds involving Russia, listing or trading of Russian entities in the US, US individuals or companies investing in or purchasing Russian sovereign bonds in Russia, exporting or investing in the Russian energy industry, and importing Russian uranium. Notably, the bill authorizes the US federal government to levy up to 500% ad valorem tariffs on goods imported from Russia, and up to 100% ad valorem tariffs on goods exported to the US from the top five importers of Russian crude oil or gas. The bill also covers exceptions, which authorize the US President to conditionally provide exemptions from sanctions. Furthermore, the bill simultaneously extends sanctions against Iran. However, the bill has yet to be passed by the US House of Representatives and signed by the President before it can take effect, and there is uncertainty about whether it will finally be implemented.