S 1241 ยท Sanctioning Russia Act of 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced
- Apr 1, 2025
- Latest action
- Apr 1, 2025
- Sponsor
- Sen. Lindsey Graham [R-SC]
- Policy area
- International Affairs
- Cosponsors
- 84
Summary
Sanctioning Russia Act of 2025 This bill imposes penalties on certain persons (individuals and entities) if the President determines that the Russian government or a person acting at Russia's direction is involved with (1) refusing to negotiate a peace agreement with Ukraine; (2) violating a negotiated peace agreement; (3) initiating another invasion of Ukraine; or (4) overthrowing, dismantling, or seeking to subvert the Ukrainian government. If the President makes such a determination, the bill requires certain actions including the President must impose visa- and property-blocking sanctions on specified persons such as the Russian president, certain Russian military commanders, and any foreign person that knowingly provides defense items to the Russian armed forces; the President must increase the rate of duty on all goods and services imported from Russia into the United States to at least 500% relative to the value of such goods and services; the President must increase the rate of duty on all goods and services imported into the United States from countries that knowingly engage in the exchange of Russian-origin uranium and petroleum products to at least 500% relative to the value of such goods and services; the Department of the Treasury must impose property-blocking sanctions on any financial institution organized under Russian law and owned wholly or partly by Russia, and any financial institution that engages in transactions with those entities; and the Department of Commerce must prohibit the export, reexport, or in-country transfer to or in Russia of any U.S.-produced energy or energy product.
Recent actions
- Apr 1, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Apr 1, 2025 Introduced in Senate
Votes
No recorded votes are available for this bill.