Senate advances Lindsey Graham-named sanctions bill targeting Russian oil and gas revenues
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Senate Advances Lindsey Graham’s Tough Sanctions Bill to Crush Russian and Iranian Regimes

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Summary

The Senate passed a strong bipartisan bill ramping up pressure on Russia and Iran by targeting their oil and gas profits and imposing steep tariffs on energy buyers, sending a clear message before moving it to the House.

The Senate has taken decisive action by approving the Lindsey O. Graham Sanctioning Russia and Iran Act, a bipartisan measure that expands sanctions on America’s adversaries, Russia and Iran, and now moves to the House of Representatives. This bill is a critical step in cutting off funding for Russia’s brutal war machine by striking at their oil and gas exports. It imposes tough tariffs of up to 500% on Russian imports and up to 100% on the top five countries that continue to buy Russian energy, including China and India—nations that have enabled Putin’s aggression by keeping his economy afloat. The legislation also extends sanction authority over Iran’s weapons and energy sectors, giving the president the necessary flexibility to tighten the screws on these rogue regimes.

Senator Richard Blumenthal emphasized the global stakes, saying, "Today, President Zelenskyy is watching from Ukraine, and Putin is watching from Moscow. I would like to think that Lindsey Graham is watching, too." The message is clear: America stands strong against tyranny.

Despite this, Senators Rand Paul and Ron Wyden voiced concerns that high tariffs on countries like China could push them closer to Russia. Paul warned that the tariffs might "undermine America's strategic position in the world," but such caution only emboldens our enemies.

Senator Raphael Warnock, after initial hesitation, ultimately joined the majority after 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 the Senate unites to confront America’s foes and defend freedom.

Source

Fox News

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