Blocks foreign businesses from dealing in Russian oil to cut profits and support Ukraine.
This bill would require the U.S. government to block foreign businesses and their leaders from dealing in Russian oil. It aims to cut Russia's oil profits, but offers exceptions for countries that help Ukraine or significantly reduce their Russian oil purchases.
Currently, there are no specific laws requiring the President to impose sanctions on foreign individuals or companies dealing in Russian oil based on the criteria in this bill. If this bill becomes law, the President would be required to impose sanctions on these foreign entities starting 90 days after enactment. This would block their property and financial transactions in the U.S., aiming to reduce Russia's oil profits, with certain exceptions for countries that support Ukraine or reduce their reliance on Russian oil.
HR 7506 · 119th Congress · February 11, 2026 · AI Summary by gemini-2.5-flash · 4/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.