Lindsey O. Graham Sanctioning Russia and Iran Act of 2026

This bill imposes broad sanctions and trade restrictions on the Russian Federation and extends the Iran Sanctions Act of 1996. It requires the President to sanction Russian government officials, financial institutions, and state-owned entities; prohibits U.S. persons from investing in Russia, buying Russian sovereign debt, and importing Russian uranium; imposes up to 500% tariffs on Russian goods and up to 100% tariffs on countries that buy Russian oil or gas; and bans Russian securities from U.S. exchanges and fund transfers involving the Russian government. The bill includes humanitarian exceptions, a presidential waiver with congressional notification, and a five-year sunset.

Sec. 101, Definitions: Defines key terms used in Title I, including "adequate maritime insurance" (excluding Russian insurers), "Armed Forces of the Russian Federation" (listing specific branches), and other standard legal terms.

Sec. 102, Sanctions on persons affiliated with Russia: Requires the President, within 30 days and every 180 days, to sanction listed Russian officials (including the President, Prime Minister, and military commanders) and identify their vessels as blocked property.

Sec. 103, Sanctions on Russian financial institutions: Mandates sanctions on the Central Bank of Russia, Sberbank, VTB Bank, Gazprombank, and other state-owned financial institutions, plus foreign banks that transact with them, and sanctions their leaders and major shareholders.

Sec. 104, Sanctions on other state-owned entities: Requires the President to block all U.S.-based property of any entity in which the Russian government has a controlling or majority interest or that is otherwise affiliated with it.

Sec. 105, Prohibition on fund transfers: Bans U.S. banks and broker-dealers from processing fund transfers to or from the Russian government or its officials, except under a specific or general license.

Sec. 106, Prohibition on listing Russian securities: Directs the SEC to prohibit trading on U.S. exchanges of securities issued by Russian government officials, state-owned entities, or affiliated entities.

Sec. 107, Prohibition on U.S. investment in Russia: Prohibits new U.S. investment in Russia, export of certain services to Russia, and U.S. facilitation of such transactions by foreign persons.

Sec. 108, Prohibition on energy exports and investment: Bans new U.S. investment in Russia's energy sector and exports of U.S. energy products to Russia, and requires sanctions on foreign persons who support Russian energy production.

Sec. 109, Prohibition on buying Russian sovereign debt: Bans U.S. persons from purchasing Russian government debt immediately upon enactment.

Sec. 110, Prohibition on financial messaging services: Requires the President to sanction any global financial messaging provider (like SWIFT) that knowingly helps circumvent sanctions under this title, with a waiver possible.

Sec. 111, Prohibition on importing Russian uranium: Directs the President to implement existing uranium import restrictions and sanctions leaders of Rosatom and its subsidiaries.

Sec. 112, Increase in duties on Russian goods: Requires the President to impose up to 500% tariffs on all goods imported from Russia, including oil, gas, and coal, in addition to other duties.

Sec. 113, Duties on countries buying Russian oil or gas: Requires the President to impose up to 100% tariffs on goods from countries that are among the top five importers of Russian crude oil or natural gas after enactment, with adjustments based on their actions.

Sec. 114, Exceptions: Exempts humanitarian assistance, agricultural commodities, food, medicine, and medical devices from sanctions, and includes an exception for intelligence and law enforcement activities.

Sec. 115, Waiver: Allows the President to waive any sanction or duty if he certifies to Congress that it is in the national interest and provides a report, with exceptions for certain duty rate modifications.

Sec. 116, Implementation and penalties: Authorizes the President to use powers under the International Emergency Economic Powers Act to enforce sanctions and applies civil and criminal penalties for violations.

Sec. 117, Termination: Allows the President to terminate sanctions only if Russia signs a peace agreement with Ukraine and ceases hostilities, or for other countries if they stop the sanctioned activity and give assurances.

Sec. 201, Extension of Iran Sanctions Act: Amends the Iran Sanctions Act of 1996 to extend its expiration date from 2026 to 2031.

Sec. 202, Severability: States that if any provision is held unconstitutional, the rest of the Act remains in effect.

Sec. 203, Sunset: Terminates the Act (except the Iran sanctions extension) five years after enactment.