US Congress Approves New Sanctions Against Russia and its Allies
President Donald Trump announced he will sign the text.
TL;DR
- The U.S. House of Representatives approved new sanctions against Russia with a 262-159 vote.
- President Donald Trump announced he will sign the bill into law.
- The sanctions target Russia's energy and defense sectors, President Vladimir Putin, and its 'shadow fleet' of oil tankers.
- The legislation allows Trump to impose up to 100% tariffs on major buyers of Russian oil and gas, including China and India.
- India has indicated it will continue diversifying its oil purchases and protect its economic interests.
- The bill was a major initiative against Moscow since Trump returned to power.
- The conflict in Ukraine is the deadliest in Europe since World War II.
- Ukrainian President Volodymyr Zelensky had urged Congress to approve the sanctions package.
- The bill was named after its main proponent, the late Senator Lindsey Graham.