The US Senate passes a sweeping package of sanctions aimed at Russia’s energy sector and related revenue streams. Multiple outlets report that the bill targets Russian officials and oligarchs, as well as financial institutions involved in facilitating or benefiting from Russia’s energy trade. The measure also includes sanctions on the so-called “shadow fleet,” vessels and operators used to evade existing restrictions on Moscow’s oil exports. In addition, the bill would expand tools available to the US executive branch: it grants President Donald Trump authority to impose tariffs of up to 500% on Russian imports, including gas and oil. The overall approach focuses on restricting access to income generated by Russian energy exports and tightening enforcement against networks used to circumvent prior measures. The bill’s provisions reflect a broader effort to limit Russia’s ability to sustain its economy through energy sales while applying pressure through both sanctions and potential tariff actions tied to imports.
US Senate passes sweeping sanctions targeting Russia’s energy revenues
The US Senate passes a sweeping package of sanctions aimed at Russia’s energy sector and related revenue streams. Multiple outlets report that the bill targets Russian officials and oligarchs, as well...
- The US Senate passes a sweeping sanctions bill targeting Russia’s energy revenues.
- The bill targets Russian officials and oligarchs.
- It includes sanctions on financial institutions connected to Russia’s energy trade.
- It targets the “shadow fleet” used to evade restrictions on Russian oil exports.
- It allows President Donald Trump to impose tariffs of up to 500% on Russian imports, including gas and oil.
The US Senate has passed a sweeping sanctions package targeting Russia's energy revenues.
3 hours agoThe package would impose sanctions on Russian officials, oligarchs, financial institutions and the so-called shadow fleet used to evade restrictions on Moscow's oil exports. It would also allow President Donald Trump to set tariffs of up to 500% on Russian imports, including gas and oil.
4 hours ago
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