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US readies Russia sanctions over Ukraine, unclear if Trump will sign, sources say

  • U.S. Authorities have completed plans for additional sanctions targeting Russia’s energy and banking industries, awaiting approval from President Trump as of early May 2025.
  • This measure targets Russia’s continued revenue generation from energy exports to nations such as India and China, which support Moscow’s military efforts in Ukraine.
  • The sanctions aim to pressure Russia into accepting a ceasefire and peace deal proposed by Trump, amid ongoing missile strikes and Putin’s maximalist demands for Ukrainian territories.
  • Lindsey Graham’s bill, backed by 72 colleagues, would impose tariffs up to 500% on imports from countries buying Russian energy if Putin refuses serious negotiations, described as "bone-crushing" sanctions.
  • Approval of the sanctions could mark a tougher U.S. Stance, but uncertainty remains as Trump’s frustration with Putin conflicts with his prior pro-Moscow statements and peace efforts.
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Portfolio.hu broke the news in on Friday, May 2, 2025.
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