The US House just passed the first major Russia oil sanctions in two years—one signature stands between them and law
Named for the late Senator Lindsey Graham, it clears the way for tariffs of up to 100% on China, India, and the other top buyers of Russian energy.
The US House of Representatives has just approved major sanctions against Russia, marking the first significant measures of its kind in two years. The bill, which passed with a vote of 262-159, will now be signed into law by the president. This legislation aims to curb Russia's war efforts by targeting the oil and gas revenue that sustains its military operations.
The bill imposes tariffs of up to 100% on Russia's biggest oil and gas buyers, including China and India, and introduces sanctions on Russian officials, banks, and the country's shadow fleet of tankers. Ukraine welcomed the vote, with President Zelenskyy calling it a powerful tool to stop the terrorist war.
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