The bill, renamed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, will now be sent to the House of Representatives. Graham was a Republican senator who passed away on July 11 and strongly pushed for sanctions against Russia due to it the Ukraine war. Bill to target India, China? The bill's target is Russia's energy sector and would allow the Trump administration impose tariffs up to 500 per cent on imports from Russia, including gas and oil. Other than the energy sector, the bill would also target Russian leaders and officials, including President Vladimir Putin, and oligarchs and financial institutions.