Senate Passes Russia Sanctions Bill Championed by Graham | Balance of Power 8/7/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discusses the latest from DC. On today's show, Former Chair of the White House Council of Economic Advisers under President Joe Biden Jared Bernstein, and Managing Director and Head of Fixed Income Research at Bai

South Carolina Republican who died last month was among Ukraine’s most outspoken allies in Congress

US Senate passes Russia sanctions championed by Graham; US House next  Reuters

The bipartisan legislation, championed by the late Sen. Lindsey Graham, would penalize countries that continue to buy Russian oil, gas and other exports that fund the Ukraine war.

Late senator spent final days of his life working to advance bill that will now head to the House after 86-11 Senate vote By a large, bipartisan margin, the US Senate on Friday approved a bill intended to punish Russia and countries that buy its petroleum exports over the invasion of Ukraine, capping a legislative push

The Senate has tried for more than a year to get the legislation imposing sanctions on Russia across the finish line. It also includes sanctions on Iran.

The bill is meant to stifle Russia's economy by allowing for tough new tariffs against major importers of Russian energy. The legislation was led by Lindsey Graham before his unexpected death in July.

WASHINGTON — The Senate voted overwhelmingly to pass legislation to impose sanctions against Russia and Iran after months of fits and starts, with the death of Republican Sen.

August 07, 2026 1:23 PM ET The Senate passed legislation Friday placing strict sanctions on Russia in honor of the late Republican South Carolina Sen. Lindsey Graham. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 would target Russian leadership, banks and its oil “shadow fleet” by requiring President Do

Senate passes Russia sanctions bill named in honor of the late Sen. Lindsey Graham  CNN