This bill imposes sweeping sanctions on Russian officials, state-owned banks, and affiliates, while also extending certain sanctions on Iran. It bans new U.S. investment and energy exports to Russia, blocks Russian entities from U.S. securities exchanges and sovereign debt markets, and raises tariffs on Russian goods. The President can increase tariffs on Russian imports up to 500 percent and on goods from countries supporting Russian oil or sanctions evasion up to 100 percent, with broad discretion over implementation. Sanctions may only be lifted after congressional review. Most provisions expire after five years, except for the Iran Sanctions Act, which is extended through 2031.
