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Sanctions on Russian Oil: Supporting Ukraine and Stabilizing Prices

This act imposes sanctions on the purchase of Russian crude oil to weaken Russia's economy and support Ukraine. It aims to limit Russia's oil revenues while seeking to increase oil production in the US, Canada, and Mexico to minimize the impact on fuel prices for citizens. The act provides exceptions for oil purchases at a set price, provided funds go into a special account for Russia, available only for essential goods after peace conditions with Ukraine are met.
Key points
Ban on Russian oil purchases: Companies and individuals buying Russian oil may face sanctions, meaning their assets in the US could be frozen.
Sanctions exception: Russian oil can be purchased if the price does not exceed a set cap and funds go into a special account. Funds from this account can only be used by Russia for essential goods (e.g., food, medicine) and only after fulfilling peace conditions with Ukraine.
Increased oil production: The US President is to take steps to increase oil production and refining in the United States and encourage Canada and Mexico to do the same, to ensure sufficient supply and limit fuel price increases.
Combating sanctions evasion: A special task force will be established to track and combat Russia's attempts to evade sanctions, including using satellite data.
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Expired
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Additional Information
Print number: 117_S_5058
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2022-09-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

BREAK PUTIN Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5058.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-29.

What are the main provisions?

Key points include:

  • Ban on Russian oil purchases: Companies and individuals buying Russian oil may face sanctions, meaning their assets in the US could be frozen.
  • Sanctions exception: Russian oil can be purchased if the price does not exceed a set cap and funds go into a special account. Funds from this account can only be used by Russia for essential goods (e.g., food, medicine) and only after fulfilling peace conditions with Ukraine.
  • Increased oil production: The US President is to take steps to increase oil production and refining in the United States and encourage Canada and Mexico to do the same, to ensure sufficient supply and limit fuel price increases.
  • Combating sanctions evasion: A special task force will be established to track and combat Russia's attempts to evade sanctions, including using satellite data.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cassidy, Bill [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Security