US Congress Approves Sanctions on Russia That Could Affect Brazil
US Congress approves sanctions on Russia that could impose tariffs on Brazil for purchases of Russian energy and oil derivatives.
TL;DR
- The US House of Representatives passed a broad sanctions bill against Russia with a vote of 262-159.
- The bill, named the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, allows tariffs up to 100% on countries financing Russia via energy purchases.
- Brazil is among the largest buyers of Russian oil derivatives, especially diesel, and could be subject to these tariffs.
- The legislation also targets Russian officials, banks, energy companies, and the 'ghost fleet' used to circumvent oil restrictions.
- China, India, and Turkey are also identified as countries with significant exposure to these potential tariffs due to their energy purchases from Russia.
- The bill distinguishes between crude oil/natural gas and derivatives like diesel, and sanctions evasion facilitators can also be targeted.
- President Trump has expressed full support for the bill.