Senate approves sanctions bill named for Lindsey Graham

1 min read
Source: The Guardian
Senate approves sanctions bill named for Lindsey Graham
Photo: The Guardian
TL;DR Summary

The Senate approved an 86-11 bipartisan bill, the Lindsey O. Graham Sanctioning Russia Act, to sanction Russia’s leaders, boost penalties on its exports with tariffs up to 500%, and empower the president to levy duties on major Russian oil and gas buyers; named in honor of the late senator, it now goes to the House after August recess. Supporters say it increases pressure on Moscow, while critics warn it could trigger tariff chaos and has no clear mechanism to unwind tariffs, with an amendment to curb tariff powers failing in the chamber.

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