US Senator Graham Wants to Punish Russia with ‘Bone-Crushing’ Sanctions. It Could Backfire.
- Senators Lindsey Graham and Richard Blumenthal introduced a bipartisan sanctions bill in early April targeting Russia with 500% tariffs on key imports.
- The bill aims to punish countries like China and India that buy about 70% of Russian energy exports, while exempting those providing military aid to Ukraine, including the EU.
- Critics warn the steep tariffs could disrupt supply chains, raise consumer prices, isolate the U.S. From allies, and harm the U.S. Economy given its reliance on Russian uranium imports.
- Senator Graham called the sanctions "bone-crushing," but opponents like Senator Rand Paul warned the bill could trigger unprecedented economic calamity without changing Moscow's strategy.
- The bill remains under consideration and could have wide-ranging implications for global trade, economic stability, and international relations as the U.S. Balances pressure on Russia and its own interests.
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17 Articles
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While the world's economies are still reeling from Donald Trump's on-again, off-again tariffs that are the centerpiece of his trade war with U.S. allies and enemies alike, Sen. Lindsey Graham (R-SC) is proposing one of his own.And it is not being well received.According to a report from Politico, th...
US Senator Graham wants to punish Russia with ‘bone-crushing’ sanctions. It could backfire.
Sen. Lindsey Graham has pledged that his expansive sanctions bill would be “bone crushing” for the Russian economy. But if enacted, the South Carolina Republican’s proposal to impose 500 percent tariffs on any country that buys Russian energy would effectively cut the U.S. off from some of the world’s largest economies — including allies in Europe. “A 500 percent tariff is essentially a hard decoupling,” said Kevin Book, managing director of Cle…
The imposition by the United States of 500 per cent punitive tariffs on countries buying Russian oil and gas would force them to renounce such imports and deprive Vladimir Putin's regime of the income it needs to continue the war in Ukraine.
(SeaPRwire) – Senators behind ‘crushing’ bill unwilling to challenge White House, the outlet reports Bloomberg reported over the weekend that the latest round of US congressional action to impose more sanctions on Russia, led by Senator Lindsay Graham, is currently stalled by opposition from President Donald Trump. The ‘crushing’ bill, which would impose 500% tariffs on countries that buy Russian energy, uranium and other raw materials, has more…
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