Urgent.News

the world's headlines, one feed

Editions

Business

Sanctions: US Senate approves law on new Russia sanctions

One parliamentary chamber is pushing through potentially severe sanctions against Russia. But resistance is threatening in the House of Representatives - and Moscow is continuing its attacks.

Translated from German Read in German

Sanctions: US Senate approves law on new Russia sanctions

While Russia is exposing the defenselessness of Ukraine's air defense with ever further waves of attacks, a legislative proposal in the US Parliament is fueling new hopes in Kiev. The US Senate voted after a long tug-of-war for a sanctions law that is intended to put more pressure on Moscow because of its destructive attack war. However, it is uncertain whether the House of Representatives as the second parliamentary chamber will agree.

Russia's military made it clear in the night with another deadly series of attacks that it knows how to take advantage of the ammunition shortage of the Ukrainian air defense in the meantime. In Washington, the senators voted with a clear majority of 86 to 11 votes for the law, which was largely driven forward by the recently deceased US Senator Lindsey Graham.

In addition to direct sanctions against Russian politicians and companies, it is intended to further curb Russian oil and gas exports as the most important source of financing for the attack war against Ukraine.

Since the House of Representatives is already on vacation, it is unlikely to vote on it before September. The US government had suspended sanctions against Russian oil deliveries for a while in the past few months in order to counteract price increases on the world market. The trigger was the shortage of oil reserves after the Strait of Hormuz, which is important for exports from the Gulf states, was effectively closed to shipping traffic as a result of the Iran war.

However, with a view to Ukraine's military successes and the recently increasingly destructive counterattacks by the Russians, influential US politicians are calling for a tougher approach against Moscow. Shortly after the vote in the Senate, the Russian military launched a new wave of nighttime attacks on the Kiev region and other Ukrainian cities, using ballistic missiles, in addition to drones and glide bombs.

The latter can hardly be intercepted without the help of the Patriot air defense produced by the USA, and there is currently a shortage of ammunition for these systems.

US President Donald Trump, who is accused of not putting enough pressure on Russia's power apparatus around Kremlin chief Vladimir Putin, has already indicated his support for the law. It would entitle him to impose sanctions on the five largest buyers of Russian energy carriers, as well as those five countries that help Russia most to circumvent energy sanctions. This could further strain US trade relations with China and India, which import large quantities of Russian oil.

In the twelve months before the law actually comes into force, the five largest customers of Russian energy exports are to be targeted and subject to tariffs of up to 100 percent. The amount can be adjusted over time, depending on whether a country is trying to move away from Russian oil and gas. The five largest importers are to be determined anew every 180 days.

So far, Trump has been hesitant to put pressure on China because of energy imports from Russia. He had temporarily imposed a 25 percent tariff on goods from India because of purchases of Russian oil. At the same time, there are to be exceptions for countries whose imports account for less than 15 percent of Russian natural gas exports in a twelve-month period - and which take measures to reduce these purchases.

"Our European allies are not affected here," emphasized Democratic Senator Richard Blumenthal in mid-July. Ukrainian President Volodymyr Zelensky thanked the US Senate. Every signal to support the fastest possible end of the war is important, he wrote on platform X. "Real, strong pressure from the USA and sanctions against Russia are what will help the most."

The Ukrainian Foreign Minister Andriy Sybiha called the law an "impressive proof of the global leadership role of the United States". There was no official reaction from Russia at first. Some Democrats, such as Congressmen Gregory Meeks and Don Beyer, criticized that the law in its current form would give Trump far-reaching tariff powers. This is also why it is unclear how the vote in the second parliamentary chamber will turn out.

The majority in the House of Representatives is extremely narrow, and the important midterm elections in November are making political compromises more difficult. The agreement on the final text was made last week with Zelensky's visit to Washington and the funeral services for Graham. In the debate before the vote, Republican Senator Katie Britt said: "Today we stand together to show that we will turn off the tap for Putin."

Her Democratic colleague Blumenthal described the signal to Russia as follows: "Today we say to Vladimir Putin: You will not conquer Ukraine."

However, Russia still seems to be far from scaling back its attack war. In new air raids on the Ukrainian capital Kiev and its surroundings, at least three people were killed and several injured in the night, according to the authorities. Ukrainian media reported on a series of explosions, with the eastern suburb of Browary being particularly badly hit.

Translated by urgent.news from Handelsblatt's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

QSE index closes lower

QSE index closes lower

<p>Doha: The Qatar Stock Exchange (QSE) index closed Sunday's trading session lower by 12.14 points, or 0.12 percent, reaching 10,100.11 points.</p> <p>A total of 146,777,210 shares were traded during…

Air India pilot undergoes 'confirmatory' drug test after flight plunge

Air India pilot undergoes 'confirmatory' drug test after flight plunge

MUMBAI: India’s aviation ministry said Sunday that an Air India pilot whose flight plunged dramatically in turbulence injuring 17 passengers and crew is undergoing a “confirmatory” psychoactive drug test. The Airbus A320, carrying 137 passengers and eight crew, lost around 300 feet (91 metres) on August 4 while flying from Phuket in…