Trump admin. to back tariffs on Russian oil in effort to end Ukraine war, sources say
Summary
President Donald Trump’s administration supports a bill to impose high tariffs on countries that buy Russian oil. The goal is to add economic pressure on Russia to help end its war against Ukraine.Key Facts
- The Trump White House approved a draft bill to penalize buyers of Russian oil.
- Senators Lindsey Graham (Republican) and Richard Blumenthal (Democrat) are sponsoring the bipartisan bill.
- The bill would add heavy tariffs on countries continuing to purchase Russian oil and gas, targeting major buyers like China and India.
- Ukrainian President Volodymyr Zelenskyy was informed of President Trump’s support for the tariff plan.
- The senators say the bill aims to pressure Russian President Vladimir Putin to stop the war in Ukraine.
- Recent lower global oil prices make the tariff plan easier to consider.
- Zelenskyy secured approval from Trump for licenses to produce Patriot missile interceptors and to purchase Ukrainian drones.
- The Senate plans to introduce the legislation soon, and Majority Leader John Thune is ready to move it forward once votes are secured.
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