Washington, DC -- Representatives Gregory W. Meeks, Ranking Member of the House Committee on Foreign Affairs, and William R. Keating, Ranking Member of the Subcommittee on Europe, today introduced the “End Russian Oil Windfalls Act” to curtail Russia’s ability to exploit the global rise in energy costs to fund its war against Ukraine.

A PDF of the bill can be found here.

“The Trump Administration’s war of choice in the Middle East has caused prices at the gas pump for everyday Americans to skyrocket. To offset this reckless decision, Trump issued licenses that gave Putin a free pass to take advantage of the global rise in energy costs and fill Russia's coffers for its illegal war against Ukraine — all while Russia helped Iran target and kill American service members in the Middle East. We’re introducing this bill to end the existing licenses, prevent them from being issued in the future, and starve Russia of the oil revenues it so desperately needs,” wrote the lawmakers.

The “End Russian Oil Windfalls Act” would:

• Terminate Russia-related General Licenses for the sale of Russian oil issued by the Department of the Treasury
• Prohibit the issuance of such licenses in the future
• Impose sanctions on Russian oil companies
• Require reports on Russian oil revenues and on the involvement by Russian energy companies in the abduction, deportation, or indoctrination of Ukrainian civilians, including children