Half of the U.S. Senate - 25 Republicans and 25 Democrats - joined together on Tuesday to introduce sanctions that would be imposed on Russia if it refuses to engage in good faith negotiations for peace with Ukraine.

Axar.az reports citing Reuters, the lead sponsors of the legislation, Republican Senator Lindsey Graham and Democratic Senator Richard Blumenthal, said it would impose primary and secondary sanctions against Russia and entities supporting Russian aggression in Ukraine if Moscow does not engage in talks, or if it initiates another effort undermining Ukraine's sovereignty after any peace deal.

Among the sanctions included in the bill is a 500% tariff on imported goods from countries that purchase Russian oil, gas, uranium and other resources.

"The dominating view in the United States Senate is that Russia is the aggressor, and that this horrific war and Putin's aggression must end now and be deterred in the future," the two senators said in a statement.