US Senate approves sweeping Russia sanctions bill targeting energy income
The package would impose sanctions on Russian officials, oligarchs, financial institutions and the so-called shadow fleet used to evade restrictions on Moscow's oil exports. It would also allow President Donald Trump to set tariffs of up to 500% on Russian imports, including gas and oil.
The US Senate has passed a bipartisan bill aimed at imposing new sanctions on Russia and extending punitive economic measures against Iran for five years. The legislation, named after the late Senator Lindsey Graham, passed with 86 votes to 11. It targets Russian officials, oligarchs, financial institutions, and the "shadow fleet" used to evade restrictions on Moscow's oil exports.
According to Euronews, the bill allows President Donald Trump to set tariffs of up to 500% on Russian imports, including gas and oil. However, The National UAE and CBS News report that the tariffs could be up to 100% on major importers of Russian energy, including India, Japan, and some EU countries. The bill also aims to push Russia to end the war in Ukraine.
The legislation still needs to pass the House of Representatives, which will be in recess until September. If enacted, it would allow future American leaders to impose tariffs on countries that aid Russia's energy sanctions evasion. The bill was championed by Senator Lindsey Graham before his sudden death in July, and its passage is seen as a way to apply pressure on Russia.
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