Decreasing Russian Oil Profits Act of 2026

Support for Ukraine: The bill allows for an exception where payments per barrel of Russian petroleum can be deposited into an account established for the benefit of Ukraine, which can be used to fund the purchase of defense articles for Ukraine's response to Russian aggression. (Section 2(c)(2)(B))

Ensuring Essential Goods: An exception exists that allows funds to be used specifically to facilitate transactions in agricultural commodities, food, medicine, or medical devices between the Russian Federation and certain countries. (Section 2(c)(2)(A)(i)(I)(aa))

Support for Pro-Ukraine Nations: The President has the authority to grant exceptions to countries that are providing significant economic or military support to the Government of Ukraine. (Section 2(c)(2)(C))

Sanctions on Foreign Entities and Leaders: Foreign persons, including those who act as chief executive officers or members of a board of directors, can face sanctions that block all transactions in property and interests in property that are in the United States or controlled by a United States person if they are involved in the trade of Russian oil or petroleum. (Section 2(a) and 2(b))

Restrictions on Financial Activity: Any person who uses funds from specific excepted accounts for purposes other than agricultural commodities, food, medicine, or medical devices will be subject to sanctions. (Section 2(c)(2)(A)(iii))