Bipartisan group of senators unveil Graham's Russia sanctions bill
Summary
A bipartisan group of U.S. senators introduced a bill that would sanction Russian energy exports and countries trading with Russia. The bill was led by the late Senator Lindsey Graham and Senator Richard Blumenthal and has White House support; it aims to increase pressure on Russia amid the ongoing conflict with Ukraine.Key Facts
- The bill targets Russian energy exports, including oil and natural gas.
- It proposes tariffs up to 100% on the top five importers of Russian crude oil and natural gas.
- Countries like France and Japan are exempted as they reduce their Russian imports.
- China, the largest importer of Russian energy, would face a 100% tariff under this bill.
- The bill would also penalize countries trading with Russia on defense items, potentially including Iran.
- President Donald Trump has expressed support for the bill and a possible inclusion of Iran and Hezbollah.
- The legislation was delayed for over a year but reached agreement after talks involving Treasury Secretary Scott Bessent.
- Senator Blumenthal called passing the bill a tribute to the late Senator Graham, who helped negotiate it over two years.
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