Sanctioning Russia Act (Executive Calendar)

The Senate considered the Sanctioning Russia Act, a bill to impose economic sanctions on Russia. Senator Fischer, who also paid tribute to former Senator Lindsey Graham at the start of her remarks, said the bill would place penalties on Russia’s leaders, banks, and energy sales, and would use tariffs on countries that buy Russian oil and gas. She argued the bill is needed to cut off money funding Russia’s war in Ukraine and to protect NATO allies. No statements from other senators were sampled for this debate.Written by AI from the debate. Updated .

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1 statement

Deb Fischer, NE

Republican

Linked statement

“I want the Senate to pass the Sanctioning Russia Act. It puts tough economic penalties on Russia's leaders, banks, and energy sales. It also uses taxes on goods to punish countries that buy Russian oil and gas. We need this bill to cut off the money funding Russia's war in Ukraine and to protect our NATO allies.”
Official Congressional Record

Mr. President, Lindsey Graham, a friend, a colleague, and a tireless national security advocate. He was a true leader in strengthening our military and our country’s defense, and I miss him dearly. I am so pleased that his sister Darline now serves here in this institution. She is carrying on his legacy and honoring his commitment to the people of South Carolina and to this country. So I rise here today to, yes, pay tribute to Lindsey Graham, but to also call on my colleagues to help us carry on one of his greatest efforts: ending Putin’s barbaric and unjust war against sovereign Ukraine. For more than 4 years, the Ukrainian people have shown extraordinary resilience and resolve. They have defended their homeland with courage that has inspired the world. In 2022, Putin thought he could seize eastern Ukraine in days. He thought he could drag Europe back into the dark shadow of the Soviet Union. He thought that he would be feared and respected. But he is neither strong nor powerful; he is a war criminal. Putin has made clear his intentions to push beyond Ukraine and into NATO territory. Russian drones have encroached on Polish, Finnish, Lithuanian, Latvian, Estonian, and Romanian airspace. These were deliberate--deliberate--provocations to test NATO’s resolve. Putin seeks to push deeper into Europe to see just how far he can go before we push back. That is why the United States and our allies must raise the stakes through tougher sanctions and a stronger United States’ deterrence posture along NATO’s eastern flank. I commend the Polish and Dutch, German, and the Italian Armed Forces for their swift and also their professional response in intercepting drones that could have killed innocent civilians during these incursions. Their actions remind us that NATO’s strength lies in that unity and readiness. President Trump has made clear that Europe must carry more of the burden for its own security. Poland, in particular, has answered that call, committing 5 percent of its GDP to defense. Other allies are stepping up as well. This is the path forward, a stronger more capable NATO prepared to deter but also to defeat any threat. But make no mistake on this: Putin understands only one language, and that is power. The surest road to peace in Europe lies in NATO’s strength and Ukraine’s survival. Yet, strength must also be economic. The Kremlin’s war machine runs on money it makes from selling cheap oil and gas to countries like China and India and Brazil. Those nations, well, then they profit by turning around and reselling Russian energy at a markup, and that must end. It is long overdue for the financial enablers of Russia’s atrocities to pay a price. They cannot keep fueling Putin’s war and expect business as usual with us, with the United States. That is why Congress must pass the Sanctioning Russia Act. This legislation would impose mandatory sanctions on Russia’s political leadership, financial institutions, energy sector, and sanctions evasion networks. By employing targeted tariffs, this policy would pressure the world’s largest purchasers of Russian energy to reduce their dependence on Moscow. This gives the President maximum flexibility to enforce these measures, ensuring both legal strength and political durability. I am grateful to Senator Blumenthal who worked closely with Lindsey on this important bipartisan legislation, and I am encouraged to see him carry this effort forward. I was proud to be an early supporter of the bill, and I am proud to support this updated version now. The Sanctioning Russia Act is the sledgehammer that we need, decisive economic pressure that cripples Putin’s lifeline, and it hastens the day that his war with Ukraine is finally going to end. Peace will not come from weakness or hesitation; it will come from strength--military, economic, and moral strength, welded together by the free nations of the world. So I ask my colleagues on both sides of the aisle to join our broad coalition in supporting this bill. Let us carry on Lindsey’s mission. Let us stand up to evil. Let us bring freedom and security to the people of Ukraine. I yield the floor. I suggest the absence of a quorum.

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