The US Senate overwhelmingly approved a new sanctions package aimed at curbing Russian energy revenues and financing for the war in Ukraine, with the House facing a decision next month. <\/p>\n
Senators adopted the new sanctions package on Friday, August 7. Eighty-six politicians voted in favor of the proposal, while 11 were against. The passage of the bill was long championed by Senator Lindsey Graham, who passed away in July. Next month, the House of Representatives will make a decision regarding the sanctions.<\/p>\n
The sanctions are intended to make it harder for Russia to finance the war against Ukraine. According to the project authors’ assumptions, the new sanctions package is designed to restrict Russian energy revenues and make it difficult for Moscow to finance the war against Ukraine. The proposal also includes the expansion of sanctions against Iran, which was pursued by US President Donald Trump.<\/p>\n
If the project enters into force, Trump will be able to impose tariffs of up to 100 percent on countries that are major buyers of Russian energy. These include India, Japan, and certain European Union member states, among others.<\/p>\n
Reuters emphasized that although the vast majority of senators supported the project, there is no guarantee that the new regulations will also be approved by the House of Representatives. Some politicians fear that Trump’s new tariff powers could lead to higher costs for American importers and consumers. Currently, Republicans hold the majority in both the Senate and the House of Representatives.<\/p>\n
In July, EU member state ambassadors reached a preliminary agreement regarding the 21st package of sanctions against Russia, as reported by Gazeta.pl. The price cap on Russian crude oil is to be frozen for a year to limit the Kremlin’s profits from its sale.<\/p>\n
The ambassadors’ agreement will have to be officially confirmed by the capitals of individual countries. If member states fail to reach an agreement, the price of Russian oil will be updated proportionally to current commodity prices on world markets, which would mean higher revenues for Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US Senate overwhelmingly approved a new sanctions package aimed at curbing Russian energy revenues and financing for the war in Ukraine, with the House facing a decision next month. Senate Approval of the New Sanctions Package Senators adopted the new sanctions package on Friday, August 7. Eighty-six politicians voted in favor of the proposal, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wpai_generated_summary":"","footnotes":""},"categories":[42],"tags":[],"class_list":["post-19357","post","type-post","status-publish","format-standard","hentry","category-defense-and-world"],"_links":{"self":[{"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/posts\/19357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/comments?post=19357"}],"version-history":[{"count":0,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/posts\/19357\/revisions"}],"wp:attachment":[{"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/media?parent=19357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/categories?post=19357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/tags?post=19357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}