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Graham pushes plan to sanction Russia, tariff its oil customers

  • Senator Lindsay Graham proposed a bill on May 1, 2025, to sanction Russia and impose 500% tariffs on countries buying Russian oil and gas.
  • The bill responds to Russia's 2022 invasion of Ukraine and includes primary and secondary sanctions if Russia invades again or rejects peace talks.
  • Graham's bill has gathered support from more than 60 co-sponsors and aims to pressure Russia by targeting energy exports, which fund 30% of its budget.
  • Graham said, "I let him know what we’re doing" to President Trump and expressed optimism about passing the bill to aid peace negotiations.
  • If passed, the sanctions could force Putin to choose between negotiating peace with Trump or facing economic devastation from crushed Russian energy revenues.
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Political Wire broke the news in New York, United States on Wednesday, April 30, 2025.
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