US Senate passes Russia sanctions bill with 100% tariff threat for countries buying Russian oil
Guwahati, Aug. 8 -- The US Senate has passed a bipartisan bill proposing tariffs of up to 100 per cent on countries that continue to purchase Russian crude oil and natural gas, a move that could have significant implications for India, one of the major buyers of Russian energy.
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 was approved on Friday by an 86-11 vote. The legislation will now move to the House of Representatives, where it must be approved before it can become law.
The proposed legislation seeks to increase economic pressure on Moscow by targeting revenues generated through its energy exports amid the ongoing Russia-Ukraine conflict. It also calls for sanctions against senior Russian officials, including Presi...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.