Summary
President Donald Trump has supported a bill that would impose sanctions on countries buying Russian oil, like China and India. Senator Lindsey Graham announced that Trump has approved the bipartisan bill, which aims to reduce funding for Russia by targeting its energy sector. The bill gives Trump the power to tax imports from countries that continue purchasing Russian oil.
Key Facts
- President Trump backs a bill to sanction countries purchasing Russian oil, including China and India.
- The bill allows imposing tariffs up to 500% on imports from countries doing business with Russia’s energy sector.
- Senator Lindsey Graham, along with Democrat Richard Blumenthal, crafted the bill.
- China and India remain major buyers of Russian oil, even with existing US and European sanctions.
- The US aims to pressure Russia due to its ongoing conflict with Ukraine.
- Brazil increased its purchase of Russian oil after the 2022 Ukraine invasion but has since reduced imports.
- The Trump administration also backs European security guarantees for Ukraine amid ongoing peace talks with Russia.
