Senators unveil sweeping Russia sanctions bill, urge passage in honor of Graham
The measure would hit Russia’s energy buyers with tariffs of up to 100% and had 26 Senate cosponsors by Tuesday afternoon, aides said.
- On Tuesday, US senators unveiled a sweeping bipartisan Russia sanctions bill, urging Congress to quickly pass the legislation to honor its late sponsor, Sen. Lindsey Graham.
- Graham secured White House support following extensive negotiations with the Treasury Department and Treasury Secretary Scott Bessent, as Democratic Sen. Richard Blumenthal noted he spoke to Graham "literally hours before his passing."
- The legislation imposes a 100% tariff on the top five crude oil and natural gas buyers, including China and India, while allowing exemptions for countries reducing imports by less than 15%.
- President Donald Trump said the bill had "a good chance," though he suggested adding measures targeting Iran and Hezbollah, which a Senate aide noted the bill already addresses through secondary sanctions.
- With more than two dozen co-sponsors, bipartisan senators hope to pass the bill as a "fitting tribute" to Graham, while Florida Republican Sen. Rick Scott backed the measure, calling President Vladimir Putin a "thug.
21 Articles
21 Articles
US eases Russia sanctions bill, cuts tariff threat on India and China from 500% to 100%
US senators unveiled a revised Russia sanctions bill targeting major energy buyers. This legislation seeks to pressure Moscow and its key oil and gas importers. The updated bill reduces previously proposed tariffs on top purchasers like China and India. It also targets Russia's shadow fleet and financial institutions involved in its war. This measure aims to secure broader political support and honor Senator Lindsey Graham's legacy.
Senators unveil sweeping Russia sanctions bill, urge passage in honor of Graham
US senators on Tuesday unveiled their sweeping bipartisan Russia sanctions bill, which they have urged Congress to quickly pass to honor of one its main sponsors, the late Sen. Lindsey Graham.
US Russia sanctions bill eases threat of tariffs on China and India
By Timothy Gardner and Patricia Zengerle WASHINGTON, July 14 (Reuters) - Republican and Democratic U.S. senators on Tuesday unveiled an updated version of Russia sanctions legislation championed by the late Senator Lindsey Graham, seeking to impose sa...
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