Potential Market Impacts of Late Lindsey Graham Sanctions
A new bipartisan bill floating around Congress—co-authored by the late Senator Lindsey Graham—grabbed lots of eyeballs last week. The “Sanctioning Russia Act of 2026” seeks to harden and broaden US economic pressure on Moscow and its allies. For some pundits, this is rekindling fears of the dollar
losing its reserve currency status. We think that remains a false fear—but that doesn’t mean the bill has zero potential market-related issues worth considering. Namely, if it passes as written, it would hand US presidents further unilateral tariff authority—potentially sowing future uncertainty.
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