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Senate to vote on Russia-Iran sanctions package

By CNBC · Summarized & edited by · 2026-07-29
Senate to vote on Russia-Iran sanctions package

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Why it matters: Proponents argue Russian oil is Moscow's top war-funding commodity, so giving the president new tariff authority against the top five importers and top five sanctions enablers creates a direct economic lever to choke Kremlin revenue. Combining the Russia bill with Iran sanctions lets senators package a Ukraine-helping measure alongside Trump-administration priorities, raising the odds it advances — the first vote is expected the same evening Zelenskyy is in Washington for Graham's funeral.

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