US Senate passes sweeping Russia sanctions bill as House vote is delayed
The US Senate has passed a sweeping sanctions package targeting Russia's energy revenues, adding fresh pressure on a key source of funding for Moscow's war effort in Ukraine. The legislation now moves to the House of Representatives, but a vote there is not expected until at least early September because of the congressional summer recess. The package is designed to widen economic pressure on Russian officials, oligarchs, financial institutions and the so-called shadow fleet used to evade restrictions on oil exports.The bill would also give US President Donald Trump authority to impose tariffs of up to 500% on Russian imports,... [Continue Reading]
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