Trump Approves Bipartisan Bill to Sanction Nations Purchasing Russian Oil

Politics

Trump Approves Bipartisan Bill to Sanction Nations Purchasing Russian Oil

22 hours ago

News sources:

REUTERS

INDIATIMES

ALJAZEERA

Trump Approves Bipartisan Bill to Sanction Nations Purchasing Russian Oil

Credited from: AA

Trump has approved a bipartisan sanctions bill aimed at countries purchasing Russian oil.
Senator Lindsey Graham emphasizes the bill could incentivize nations like China, India, and Brazil to halt oil purchases.
The legislation could be voted on in Congress as early as next week.

U.S. President Donald Trump has given the green light to move forward with a bipartisan sanctions bill targeting countries that continue to purchase Russian oil, according to Reuters and India Times.

Senator Lindsey Graham announced this development after a productive meeting with Trump, highlighting that the legislation, which he has been collaborating on for months, could come up for a vote as early as next week. The bill is expected to empower Trump to impose tariffs on imports from nations that maintain energy transactions with Russia, thus increasing pressure on China, India, and Brazil, which are significant buyers of Russian oil, according to Al Jazeera and AA.

Graham emphasized the urgency of the bill, stating that it is "well-timed" as Ukraine is making concessions amidst ongoing peace negotiations while Russia's military actions persist. He noted that the proposed sanctions could greatly enhance U.S. leverage against these countries, potentially deterring them from financing Russia's war efforts, as highlighted by Reuters and Al Jazeera.