Ukraine Support Act

This bill backs Ukraine’s defense and recovery, while hitting Russia with tougher penalties. It extends military lend-lease through 2028. It also allows up to $8 billion in direct loans for Ukraine and NATO allies through 2026 and continues key security help, including added support for Baltic countries . To keep trade with Ukraine moving, it offers war‑risk insurance for ships, creates a State Department insurance effort, and appoints a coordinator to drive rebuilding. It boosts independent news and counters Russian disinformation, including added support for Radio Free Europe/Radio Liberty .

If the President confirms Russia is still waging war, refusing real peace talks, or breaking a peace deal, sanctions must begin within days. Major Russian banks, all oil, gas, coal, and mineral firms, and top officials would be targeted . Penalties include freezing property, blocking visas, and pushing global lenders to cut ties. The bill also pressures the global bank messaging network (SWIFT), bans U.S. deals in new Russian government debt, punishes Russia–North Korea weapons links, and sanctions those involved in kidnapping Ukrainian children . There are carve‑outs for humanitarian aid and UN obligations. Sanctions can end when Russia stops its aggression and follows a peace deal, but Congress can review or block major rollbacks .

Key points

• Who is affected: U.S. importers, banks, and companies with Russia exposure; shipping and insurance firms; Russian banks, energy and mining companies, and senior officials; anyone aiding Russia–North Korea arms deals; Ukrainian civilians and communities; Baltic countries’ militaries .
• What changes:
  • At least 500% tariffs on all imports from Russia and a fix to block fuel made abroad from Russian oil .
  • Ban on U.S. transactions in new Russian government bonds and other debt.
  • Tighter export controls, including on items made abroad with U.S. tech if headed to Russia.
  • A new Ukraine Reconstruction Trust Fund, paid for by taxing gains on Russian sovereign assets, to support rebuilding, humanitarian aid, and clean governance in Ukraine .
  • War‑risk insurance for Ukraine‑related shipping and a State Department “Insurance for Ukraine” effort to keep grain and goods moving.
• When:
  • Many actions begin within 15 days after a presidential finding and are reviewed at least every 90 days.
  • Lend‑lease runs through 2028; direct loans are authorized through 2026; some security aid is extended through 2027 .