Foreign companies dealing in Russian oil would face new financial penalties.
This bill would make it harder for foreign companies to profit from Russian oil by imposing financial penalties on those who buy, import, or help finance it. However, there are ways for countries to avoid these penalties, such as by setting aside money for humanitarian aid or contributing to a fund for Ukraine. These new rules would last for five years.
Currently, there are existing sanctions against Russia, but no specific law requires the President to impose sanctions on foreign people and companies dealing in Russian crude oil or petroleum products in the way this bill describes. If this bill becomes law, the President would be required to impose these sanctions 90 days after it takes effect. However, the President could allow certain exceptions, for example, if countries isolate funds from Russian oil sales for humanitarian goods, contribute to a fund for Ukraine, or provide significant support to Ukraine. These new rules would also ensure that any exceptions do not apply if Russian oil is bought above a set price cap, and all provisions would end after five years.
S 3513 · 119th Congress · December 16, 2025 · AI Summary by gemini-2.5-flash · 8/10
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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.