A group of senators has introduced a revised version of a sanctions bill on purchasers of Russian oil in honor of Sen. Lindsey Graham, who died on the evening of July 11.
The sanctions bill, introduced on Tuesday, would impose sanctions on the top five countries that purchase oil and gas from Russia. U.S. lawmakers had worked to pass a bill imposing tariffs on goods from countries that purchase Russian oil, gas, and other exports for over a year. The bill is intended to prevent Russia from using oil and gas sales to continue funding its war against Ukraine.
The revised bill, which was introduced by a bipartisan group of lawmakers at a Tuesday press conference, came after some lawmakers expressed concerns that the original sanctions legislation was too broad and could cause economic harm to key U.S. allies. The Trump administration had also expressed concerns that the president would need flexibility to waive sanctions if it was in the nation’s best interest….