Sponsors (8)
The bill strengthens U.S. national security and provides a steady funding mechanism for Ukraine by choking revenue streams to Russia, but it raises compliance burdens, legal risks, and the potential for higher energy costs or disrupted legitimate transactions for U.S. businesses and consumers.
U.S. taxpayers and the country’s strategic interests: the bill reduces revenue to Russia by blocking and freezing assets of foreign persons who facilitate purchases of Russian-origin oil, weakening Russia’s war-fighting financing.
U.S. taxpayers and Ukraine: the bill creates a predictable funding stream for Ukraine by requiring per-barrel payments into a Ukraine-dedicated account with regular disbursements at least every 90 days.
Financial institutions and energy companies: the bill improves enforcement by designating facilitators, financiers, and executives to limit circumvention of the sanctions regime, making controls more effective.
Financial institutions, small businesses, and energy utilities: the bill will raise compliance costs and impose transaction restrictions when dealing with foreign energy trade partners or service providers.
Consumers and small businesses: the bill risks higher fuel and energy prices if sanctions or tighter transaction controls reduce global supply or increase costs of cross-border energy trade.
U.S. persons and companies: the sanctions regime could expose them to legal risk if they unknowingly possess or control property of designated foreign persons, complicating ordinary trade and finance.
Based on analysis of 2 sections of legislative text.
Blocks U.S. transactions and sanctions foreign persons involved in purchasing, importing, financing, or facilitating Russian-origin crude and petroleum, with limited exceptions and country exemptions.
Introduced February 11, 2026 by Michael T. McCaul · Last progress February 11, 2026
Imposes U.S. sanctions that block transactions in property of foreign persons who buy, import, finance, facilitate, materially support, or lead purchases/imports of crude oil or petroleum products of Russian origin. After a 90-day delay, the Treasury (with State) must identify such persons and the President must use IEEPA authority to prohibit U.S. persons from dealing with them, while allowing up to two narrow exception frameworks and limited country exemptions with certified safeguards.