US Senate advances sweeping Russia sanctions bill as EU-China export curbs escalate

The US Senate voted 86-12 in favor of advancing the Sanctioning Russia Act of 2026, a wide-ranging sanctions package aimed at Russia's economy.¹ The bill now moves toward the House of Representatives, though its August recess is expected to delay further action for several weeks, according to this week's sanctions roundup.¹

Separately, trade tensions tied to the war in Ukraine escalated between China and the European Union. After the EU added 14 Chinese and Hong Kong-based entities to its sanctions list as part of its 21st Russia sanctions package, China responded by placing 14 EU-based companies on its own export control list.¹