Senator Jeanne Shaheen is urging President Trump to use existing sanctions authorities against Russia’s oil and gas sector, arguing that Treasury General License 134 has allowed Moscow to retain a major source of wartime revenue. Shaheen and Senator Elizabeth Warren said the waiver enabled Russia to collect roughly $150 million per day at its peak, or more than $4 billion cumulatively. Their campaign coincides with congressional passage of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which applies primary and secondary sanctions to Russia’s energy sector, targets circumvention networks and authorizes tariffs of up to 100% on the five largest importers of Russian oil. Congress approved the measure 86-11 in the Senate and 262-159 in the House. The existing account says President Donald Trump signed the law, while the newer account describes it as having been presented to him for approval. India, the second-largest buyer of Russian crude after China, obtained more than 50% of its oil imports from Russia in July 2026, or about 1.7 million barrels per day, according to figures cited in the existing record. JPMorgan CEO Jamie Dimon warned that forcing India to replace those supplies could push crude above $90 per barrel, disrupt refineries and complicate U.S.-India trade negotiations.