As tensions escalate in the Russia-Ukraine conflict, a bipartisan coalition is rallying support for a new bill aimed at sanctioning countries purchasing Russian oil. Senate leaders signaled that a vote may occur as early as this month, emphasizing the urgent need to apply pressure on President Vladimir Putin amid his ongoing military actions in Ukraine.
Thune Reveals Upcoming Bipartisan Bill on Russian Oil Sanctions
Thune Reveals Upcoming Bipartisan Bill on Russian Oil Sanctions
Bipartisan legislation targeting Russian oil purchases is set to be voted on soon, indicating a strategic move against Putin's aggression in Ukraine.
Senator John Thune of South Dakota, the top Republican in the Senate, announced on Wednesday that significant progress has been made on the bill, citing support from a wide range of lawmakers. The legislation is spearheaded by Senators Lindsey Graham, a Republican from South Carolina, and Richard Blumenthal, a Democrat from Connecticut, boasting 83 co-sponsors from both parties.
Former President Trump recently indicated that he is “very strongly” considering lending his support to the measures, which bodes well for the bill’s prospects in Congress. The proposed legislation would impose harsh sanctions on nations that continue trading with Russia, a move designed to bolster Trump’s negotiating power and contribute to an end to the conflict in Ukraine.
Senator Thune noted that the goal is to push the bill through the Senate before the approaching recess on August 1st. To facilitate Trump’s endorsement, Graham and Blumenthal have appended a waiver provision. This would grant the former president some discretion in enforcing the sanctions, as well as potentially provide a grace period for countries trading with Russia that are also assisting Ukraine.
During a cabinet meeting, Trump hinted at his support for the proposed amendments, expressing that any sanctions should remain under his purview for timing and enforcement decisions. As bipartisan efforts continue, all eyes remain on Capitol Hill as lawmakers work towards a resolution that may reshape international relations regarding Russian oil.
Former President Trump recently indicated that he is “very strongly” considering lending his support to the measures, which bodes well for the bill’s prospects in Congress. The proposed legislation would impose harsh sanctions on nations that continue trading with Russia, a move designed to bolster Trump’s negotiating power and contribute to an end to the conflict in Ukraine.
Senator Thune noted that the goal is to push the bill through the Senate before the approaching recess on August 1st. To facilitate Trump’s endorsement, Graham and Blumenthal have appended a waiver provision. This would grant the former president some discretion in enforcing the sanctions, as well as potentially provide a grace period for countries trading with Russia that are also assisting Ukraine.
During a cabinet meeting, Trump hinted at his support for the proposed amendments, expressing that any sanctions should remain under his purview for timing and enforcement decisions. As bipartisan efforts continue, all eyes remain on Capitol Hill as lawmakers work towards a resolution that may reshape international relations regarding Russian oil.
