The bill, renamed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, was approved by the Senate by an 86-11 vote. It allows President Donald Trump to impose 100 per cent tariffs on goods from countries that are top five importers of Russian oil and gas. In addition to Russia sanctions, the bill would extend till 2031 the expiration date of the Iran Sanctions Act of 1996, which penalises companies that invest in Iran's energy sector. It also seeks to impose sanctions on Russian leaders and officials, targeting Russian President Vladimir Putin, oligarchs and financial institutions. "We welcome our Senate colleagues' urgent effort to support Ukraine and punish Russia for its continued illegal war, but this bill would not achieve those goals.