Sanctioning Russia Act threatens Moscow, allies with 500% tariffs

Through the Sanctioning Russia Act, bipartisan lawmakers are preparing to impose a 500% tariff — an all-out signal to the Kremlin and its partners: de-escalate the war in Ukraine or face steep economic consequences.

The measure, crafted by Sens. Lindsey Graham (R-S.C.) and Richard Blumenthal (D-Conn.), grants President Donald Trump broad authority to impose economic penalties on Russia. 

These colossal tariffs would target the heart of Russia’s economy — its oil and gas exports — if Moscow continues to defy peace efforts or escalate the conflict.