Senate advances Lindsey Graham-named sanctions bill targeting Russian oil and gas revenues
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Senate Pushes Graham-Named Sanctions Bill, Escalating Economic War on Russian and Iranian People

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Summary

The Senate passed a so-called bipartisan bill that intensifies the US-led economic assault on Russia and Iran, targeting vital oil and gas revenues and slapping punitive tariffs on energy buyers, before sending it to the House.

In a move that further entrenches the US in a cycle of economic warfare, the Senate approved the Lindsey O. Graham Sanctioning Russia and Iran Act—a bipartisan measure that expands sanctions on Russia and Iran, now advancing to the House of Representatives. This legislation, under the guise of 'cutting funding for Russia’s war effort,' targets oil and gas exports, threatening the livelihoods of ordinary people in both countries. It imposes draconian tariffs of up to 500% on Russian imports and up to 100% on the top five countries buying Russian energy, including China and India—measures that risk global economic instability and punish working-class populations worldwide. The bill also extends the US’s imperial sanction authority over Iran’s weapons and energy sectors, giving the president sweeping powers to adjust these provisions at will.

Senator Richard Blumenthal, championing this escalation, declared, "Today, President Zelenskyy is watching from Ukraine, and Putin is watching from Moscow. I would like to think that Lindsey Graham is watching, too." Such rhetoric ignores the devastating impact these sanctions have on everyday people, not just governments.

Opposition came from Senators Rand Paul and Ron Wyden, who raised concerns that these aggressive tariffs on countries like China could drive them into closer alliance with Russia, further destabilizing global relations. Paul warned that the tariffs might "undermine America's strategic position in the world," yet the majority pressed forward with this reckless policy.

Senator Raphael Warnock, initially hesitant, ultimately supported the bill after backroom discussions with U.S. Trade Representative Jamieson Greer, noting that the tariff authority would be limited to the five largest buyers of Russian oil and gas. "We should not have to choose between putting a check on Putin's aggression and putting a check on this president's tariff regime," Warnock said, as if these sanctions do not harm the global working class and escalate international tensions.

Source

Fox News

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