Senators seek secondary sanctions on Russian oil purchases that could irk India, China
Senators Chris Van Hollen, a Maryland Democrat, and Pennsylvania Republican Pat Toomey are working on legislation that would impose secondary sanctions on foreign firms that facilitate the trade of Russian oil and on countries that increase their purchases of the commodity.
U.S. senators want secondary sanctions on Russian oil
Democratic and Republican senators on Tuesday proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.
Bipartisan pair of senators proposes new Russia sanctions
Sens. Chris Van Hollen (D-Md.) and Pat Toomey (R-Pa.) on Wednesday proposed tightening restrictions on Russia over its invasion of Ukraine by setting a price cap on Russian oil and sanctioning countries that exceed a certain threshold of business with Russian energy companies. The senators introduced a framework outlining their bipartisan support for a price…
US Senators Seek to Enforce Cap on Russia Oil Prices Through Secondary Sanctions, Report Says
WASHINGTON (Sputnik) – Two US senators are proposing legislation that would press the Biden administration to enforce a cap on Russian oil prices through... 20.09.2022, Sputnik International