'We're talking way too much and we're doing too little' on Russia sanctions, Graham says

President Joe Biden has warned of swift and severe economic consequences if Russia invades. “We’re prepared to respond decisively,” national security adviser Jake Sullivan reiterated Sunday on CBS’ “Face the Nation.” But the administration has so far rebuffed calls to preemptively sanction Moscow.

Bipartisan talks in the Senate led by Foreign Relations Chair Bob Menendez (DN.J.) and the committee’s top Republican, Sen. Jim Risch of Idaho, aim to produce far-reaching sanctions legislation. Those talks have yet to produce a compromise bill, with Democrats and Republicans still at odds over the scope of some sanctions, though an invasion could spur lawmakers to quickly impose economic penalties on Russian leaders and the country’s financial sector.

Republicans have long insisted the US should impose some sanctions ahead of an invasion, while Democrats and the administration argue those penalties should be held back as a deterrent and imposed after an incursion.

Pentagon chief spokesperson John Kirby reiterated the administration’s position on sanctions in an interview on “Fox News Sunday,” arguing “there’s a deterrent effect by keeping them in reserve.”

“If it’s a deterrent and you use it before the aggression is made, or the transgression is made, then you lose your deterrent effect,” Kirby said. “If you punish somebody for something that they haven’t done yet, then they might as well go ahead and do it.”

Graham predicted the Senate could muster 70 votes for legislation that includes sanctions ahead of an invasion with a waiver.

“We’ve been working in a bipartisan fashion for about three weeks now to come up with pre-invasion, post-invasion sanctions and the White House keeps pushing back,” Graham said. “So, the best thing that could happen is for us to pass the sanctions package. Pre-invasion with a waiver, post-invasion sanctions that would destroy the ruble and cripple the Russian economy so Putin can see it in writing.”

“That might help him decide not to invade,” he said. “But we should be doing more in Congress.”

Most notably, GOP lawmakers have faulted Biden for not sanctioning Russia’s Nord Stream 2 natural gas pipeline to Germany, which the administration waived penalties on last year to help bolster the American alliance with Berlin. Senators are also haggling over how best to address the pipeline in a sanctions package.

Congress, Graham argued, has “really got to be hard on Nord Stream 2” in a sanctions agreement.

“We’ve got to convince the Russians that the Congress will destroy Nord Stream 2 as a cash cow for Putin,” he said.

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