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Thune Says "Time Has Come" for Senate to Move Forward with Russia Sanctions Bill

  • Senate Majority Leader John Thune announced that the Senate is ready to vote on a sanctions bill targeting buyers of Russian oil, stating, "the time has come".
  • Treasury Secretary Scott Bessent confirmed that President Trump supports a tariff plan against China for its reliance on Russian energy.
  • The sanctions bill proposes 500% tariffs on countries importing oil from Russia, with proceeds meant to fund weapons for Ukraine.
  • The legislation has bipartisan support and has gained significant cosponsorship in the Senate.
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The Republican majority leader in the U.S. Senate, John Thun, said he plans to put to a vote a bill imposing sanctions against Russia, which has overwhelming bipartisan support, because “the time has come.”

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Senate Republican leader John Thune believes it's time for a decision on sanctions

·Kyiv, Ukraine
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Financial Post broke the news in Canada on Thursday, October 16, 2025.
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