Ukraine Support Act - Detailed breakdown

Mandates sanctions on all foreign persons who have directed or participated in the kidnapping and wrongful patriation of Ukrainian children.

Amends the BUILD Act of 2018 to remove certain restrictions on providing support in Ukraine, facilitating investment and development projects.

Makes vessels owned by citizens of NATO members, Ukraine, or other designated countries eligible for U.S. war risk insurance when trading with Ukraine for five years.

Creates an initiative within the Department of State to bolster Ukraine's economic recovery by promoting and coordinating war risk insurance with the private sector and allies.

Creates a trust fund in the U.S. Treasury, funded by revenues from new taxes, to support reconstruction, humanitarian assistance, and economic growth in Ukraine.

Mandates the President to impose sanctions on at least three major Russian financial institutions, including Sberbank and VTB, and allows sanctions on their subsidiaries.

Requires sanctions on any foreign vessel that knowingly transports Russian oil in violation of the G7 price cap policy and mandates a strategy to enhance international compliance.

Imposes sanctions on any global financial communication service, such as SWIFT, that continues to provide services to sanctioned Russian financial institutions.

Prohibits all transactions by U.S. persons involving the sovereign debt of the Russian Federation issued after the enactment of this Act.

Subjects foreign-produced items using U.S. technology or software to export controls if they are destined for Russia, particularly targeting technologies for unmanned aircraft systems.

Requires the President to increase the duty rate for all goods and services imported from the Russian Federation to a rate of not less than 500 percent ad valorem.

Imposes a 100% tax on interest and dividends from blocked assets belonging to the governments of Russia and Belarus and requires withholding of this tax.

Directs the Secretary of State to develop a strategy to strengthen nuclear energy cooperation with Europe and combat Russian influence in the sector.

Requires the President to impose sanctions on all Russian companies operating in the oil and gas, coal, and mineral extraction and processing sectors.

Imposes sanctions on foreign persons who have endangered the safety or undermined Ukrainian control of the Zaporizhzhia Nuclear Power Station.

Mandates sanctions on Rosatom, its subsidiaries, and any foreign person engaging in significant nuclear reactor construction transactions with Rosatom, with a waiver for medical isotope production.

Amends existing law to ban the importation into the United States of energy products from any refinery that uses crude oil originating in the Russian Federation.

Establishes a Special Coordinator within the Department of State to coordinate U.S. government efforts and mobilize private capital for Ukraine's reconstruction.

Requires the Secretary of State to develop and submit a plan to counter Russian disinformation and support free, independent media in Ukraine.

Requires the President to periodically determine if Russia is continuing its war of aggression, which would trigger the imposition of sanctions outlined in the Act.

Mandates sanctions on high-ranking Russian officials, including the President, Prime Minister, and key ministers, as well as senior military leaders.

Requires the President to submit a report to Congress before terminating or waiving sanctions on Russia, establishing a review period during which Congress can pass a joint resolution of disapproval.

Establishes definitions for terms such as 'alien', 'financial institution', 'foreign person', and 'United States person' by referencing existing U.S. law.

Specifies the Committee on Foreign Relations, Committee on Banking, Housing, and Urban Affairs of the Senate, and the Committee on Foreign Affairs and Committee on Financial Services of the House as the appropriate committees of Congress.

Imposes sanctions on any foreign person knowingly involved in the construction, maintenance, or repair of a tunnel or bridge connecting the Russian mainland to the Crimean peninsula.

Extends the President's authority under the Ukraine Democracy Defense Lend-Lease Act of 2022 to lend or lease defense articles to Ukraine through fiscal year 2028.

Extends the authorization for the Ukraine Security Assistance Initiative, which provides security assistance to Ukraine, through December 31, 2027.

Requires the Secretary of State to submit quarterly reports detailing military contributions made by allied and partner countries to support Ukraine.

Requires the Director of National Intelligence to submit quarterly classified reports on U.S. intelligence support and cooperation with Ukraine.

Imposes sanctions on any foreign person or financial institution that facilitates the transfer of arms or material support from North Korea to Russia for its war in Ukraine.

Defines a 'war of aggression' as involving ground, naval, or air assaults, blockades, drone or missile attacks, or cyber attacks with physical repercussions in Ukraine.