US Senate passes Russia sanctions bill with 100% tariffs on India, China over Russian oil; bill heads to House
Measured from 8 Aug 2026 (event start), not the 8 Aug 2026 announcement
Airline stocks moved -8.2%, the largest reaction measured, though not statistically significant, meaning it may reflect normal market noise rather than the event itself. This is a provisional result; the full measurement window is not yet complete.
DAL, UAL, AAL · down
What Happened
The US Senate voted 86-11 to pass the Lindsey Graham Sanctioning Russia and Iran Act of 2026, a sweeping sanctions package that targets Russia's energy revenues and imposes 100% tariffs on any country purchasing Russian oil and gas, explicitly naming India and China as targets. The bill significantly expands Trump administration tariff powers and aims to starve Russia's war machine by severing its largest energy buyers. This represents the toughest anti-Russian sanctions yet passed by Congress. The legislation now moves to the House, where journalist Andrew Desiderio characterized approval chances as 'iffy,' suggesting potential friction with the Trump administration. The bill's passage confirms bipartisan momentum for Ukraine support despite Trump's mixed messaging on the conflict.
Sanctions targeting the financial core of Russia's war effort while imposing punitive tariffs on Asia's largest economies creates simultaneous crude supply tightening and trade friction across three major geopolitical blocs.
Passed August 8, 2026; House vote expected early September 2026
Senate passed the Graham bill on Friday, August 8, 2026. The House vote is expected in early September, timing not yet fixed.
Read how dates work →Partial reaction shown. Significance flags are marked provisional and may change as more price data accumulates.
How To Read This
Each sector below is a basket of named stocks. The percentage shown is the move beyond the overall market (S&P 500) , what event studies call the . A move only counts as when it sits clearly outside that basket's normal weekly swings.
How Much Sectors Moved
Path over time. Click a sector in the legend to toggle it. Dashed lines mark key moments.
Airline stocks moved most at -8.2% against the market, the direction you would expect from a sanctions. None of the moves cleared the significance threshold. Read the direction as flavour, not signal.
Phases
| Sector | Peak Move | Peak Day | Reverted By |
|---|---|---|---|
| Oil tanker operators | -7.9% | Day -3 | Day 2 |
| Oil & gas producers | -7.2% | Day -3 | Day 0 |
| Defense contractors | -1.9% | Day -4 | Day -2 |
| Gold | +4.6% | Day 0 | Still elevated |
| Airline stocks | +4.9% | Day -3 | Day -1 |
The reaction peaked around day -3 on average. 4 of 5 sectors reverted inside the window, 1 were still elevated at the close. A reaction that reverts is a shock priced in; one that stays is a re-rating.
Historical Precedents
Companies Most Affected
Measured 10 days after the event. Reaction still developing; the full window is not yet complete.
This tool informs your decision. It does not give investment advice.