Updated
Updated · CNN · Jul 13
Trump Backs Russia Sanctions Bill, Clearing Path for Tariffs on Nations Buying 3 Russian Exports
Updated
Updated · CNN · Jul 13

Trump Backs Russia Sanctions Bill, Clearing Path for Tariffs on Nations Buying 3 Russian Exports

3 articles · Updated · CNN · Jul 13

Summary

  • A White House official said Trump will support a bipartisan Russia sanctions package, a shift that removes a major uncertainty around the bill’s passage.
  • The measure would let Trump impose heavy tariffs on imports from countries that buy Russian oil, uranium and natural gas, aiming to further weaken Moscow over the war in Ukraine.
  • Trump had repeatedly criticized the legislation and sought more direct discretion on sanctions, but senators said Friday they had reached an agreement with the administration after extensive negotiations.
  • John Thune and Richard Blumenthal said leaders are now working on timing and final preparations, including naming a new Republican lead sponsor after Lindsey Graham’s death.
  • Graham had pushed the package for years, and allies cast quick passage as both a policy move on Russia and a tribute to the late senator’s legacy.

Insights

Could new US sanctions on Russian oil buyers trigger a global economic standoff?
How did Congress just restore tariff powers the Supreme Court recently blocked?