EL7.AI
GeopoliticsMedium•13 November 2026•
1 min read

US Bill H.R. 10828 Introduced to Tighten Russian Oil and Gas Sanctions

Key Facts

1Representative Gregory Meeks introduced H.R. 10828, the Prohibit Corrupt Russia Oil Deals Act, to target Russia's energy sector.
2The legislation proposes canceling existing Treasury licenses for Russian crude oil and petroleum products.
3The bill requires the President to impose sanctions on Russian energy extraction, refining, and maritime transport entities within 30 days.

Representative Gregory Meeks introduced H.R. 10828, the Prohibit Corrupt Russia Oil Deals Act, to target Russia's energy sector. The legislation proposes canceling existing U.S. Treasury licenses for Russian crude oil and petroleum products. Quiver Quantitative reported that the bill requires the President to impose sanctions on Russian entities involved in energy extraction, refining, and maritime transport within 30 days of enactment.

The bill aims to block Russian oil revenue by prohibiting U.S. development finance for Russian-owned energy assets and expanding congressional oversight of licensing actions. These legislative steps coincide with economic data from November 13, 2026, showing Russia's annual GDP growth at 1%, while U.S. API crude oil stocks reported an increase of 9 million barrels on November 10, 2026.