Sponsors (15)
Introduced January 15, 2026 by Lloyd Alton Doggett · Last progress January 15, 2026
The bill tightens sanctions and closes evasion channels to weaken Russia's petroleum capability and strengthen U.S. national security, but does so at the cost of increased compliance burdens, potential economic harm to U.S. energy firms and multinationals, and risks of retaliation and reduced congressional oversight.
Most U.S. persons and companies (including many U.S.-organized firms) will be barred from supplying petroleum equipment and services to Russia, reducing Russia's ability to sustain its energy sector and strengthening U.S. national security.
The bill extends prohibitions to foreign subsidiaries/branches of U.S. parents, closing a common sanction‑evasion channel used by multinational firms.
Foreign persons who supply petroleum equipment or services to Russia face asset blocks and other penalties, creating stronger deterrents against supporting Russia's energy sector.
U.S. energy firms and their foreign subsidiaries may lose export sales and contracts with Russian partners, harming revenues and jobs and risking supply‑chain disruptions that could raise consumer energy costs.
The bill's broad extraterritorial reach and inclusion of foreign branches/subsidiaries create substantial compliance costs, legal risk, and operational uncertainty for multinational corporations and financial institutions.
Aggressive extraterritorial sanctions risk provoking retaliatory measures from Russia or other countries, with potential adverse effects on U.S. exporters, diplomatic relations, and global energy markets.
Based on analysis of 5 sections of legislative text.
Prohibits U.S. persons and U.S.-owned or -controlled foreign entities from exporting, reexporting, selling, or supplying petroleum equipment and related services to persons located in the Russian Federation, and requires the President to sanction foreign persons who do so. It uses emergency economic authorities to block property and impose immigration penalties on violators, includes humanitarian and medical exceptions, and empowers the President to issue implementing regulations and limited national-security waivers.