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U.S. Senate passes Russia sanctions
The U.S. Senate has adopted new punitive measures against Russia, primarily targeting its revenue from the energy sector. These include imposing tariffs of up to 500% on Russian oil and gas imports, as well as 100% on major importers like China and India. The sanctions also target Russia's "shadow fleet" used to ship around sanctions, and the legislation aims to balance Russia's economic capacity with military support by reducing Russia's ability to fund its wars in Ukraine and mitigate its economic impacts. Prior to the vote, members from both parties indicated that the law would exert pressure on Putin, with expectations that it will require approval from the House of Representatives before it can be enacted.
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