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.
Sanctions Details
The legislation, if passed, would impose mandatory sanctions on Russian political and military leaders, including President Vladimir Putin, as well as oligarchs, state-owned enterprises, and foreign companies that support Russia’s defense industrial base.
It would also impose sanctions on Russia’s shadow fleet, its energy projects, and its financial institutions. In addition, it would impose a 100% tariff on the top five countries, including China and India, that purchase Russian crude oil and natural gas.
The bill has been in the works for more than a year, with Graham announcing on Friday, just a day before his sudden death, that lawmakers reached an agreement with the White House to move forward on the bill.
Support and Reactions
Bipartisan senators have expressed hope that the bill could finally pass, calling it a “fitting tribute” to Graham. Democratic Sen. Richard Blumenthal, one of the key backers of the bill, said he spoke to Graham “literally hours before his passing.”
President Donald Trump on Tuesday said the bill had “a good chance,” but suggested that additional measures targeting Iran and Hezbollah could be added.
Original reporting: KTVZ (Central Oregon) — read the source article.
