The Senate has made progress on imposing sanctions against Russian President Vladimir Putin, the Kremlin, and Iran. The move comes after a significant bipartisan vote, moving a sanctions package closer to completion. Although this is not the final vote, the progress is noteworthy.

The package is named the Lindsey O. Graham Sanctioning Russia and Iran Act, in honor of the late Sen. Lindsey Graham. The Senate aims to finalize this legislation by next week. However, it will pause until the House reconvenes from its August recess.

“This may turn out to be Lindsey Graham’s greatest legislative achievement in a stellar 32-year career,” noted Sen. Roger Wicker, R-Miss.

The bill’s current version focuses on weakening Putin’s military efforts in Ukraine and reintroduces sanctions targeting Iran’s weapons and energy sectors. There is hope this will support a peace deal amid ongoing conflicts in the Middle East.

Key elements of the legislation include up to 500% tariffs on Russian imports and tariffs up to 100% on countries purchasing Russian energy, such as China and India. It also provides President Donald Trump with some flexibility in adjusting these sanctions.

Some Democrats have reservations about giving Trump the power to impose tariffs, especially considering his past use of duties. To gain support, the bill’s proponents enlisted Ukrainian President Volodymyr Zelenskyy, a close ally of Graham, to rally Democratic votes.

On the Senate floor, Sen. Jeanne Shaheen, D-N.H., addressed concerns about the tariff powers. “This bill aims to increase pressure on Vladimir Putin and end his unprovoked war against Ukraine,” Shaheen said. “It targets the worst actors supporting Russia.”

At the heart of the legislation, it sends a clear message to Putin and the Kremlin as the conflict in Ukraine continues. “This bill tells Vladimir Putin that his days of war are numbered,” Sen. Richard Blumenthal, D-Conn., stated.

Alex Miller contributes to Fox News Digital and reports on the U.S. Senate.