\n
The measure was a final legacy item for the late Sen. Lindsey Graham, R-S.C., a close ally and friend of the president who had\u00a0just returned from Ukraine when he unexpectedly\u00a0died in July. In the works for more than a year, the bill passed with large bipartisan margins:\u00a086-11 in the Senateand\u00a0262-159 in the House.<\/p>\n
It\u2019s meant to starve Russian President Vladimir Putin of the resources Moscow needs to continue its war in Ukraine after invading its neighbor more than four years ago. The bill, also drafted by Sen. Richard Blumenthal, D-Conn., sanctions Russian officials, banks and a shadow fleet of tankers that keeps Russian energy moving.<\/p>\n
It also directs Trump to impose up to 100% tariffs on the top five importers of Russian oil or natural gas, with an exception for countries that import less than 15% of Russia\u2019s natural gas exports and have taken significant steps to reduce those imports.<\/p>\n
Sen. Darline Graham, Lindsey Graham\u2019s sister, said in a statement Friday: \u201cI wish Lindsey were here to celebrate this historic day. I know he would be so proud. Lindsey believed this bill, which he worked on for well over a year, would help end the war through squeezing Putin economically and forcing his customers to reevaluate their relationship with Russia.\u201d<\/p>\n
Darline Graham was appointed to complete her late brother\u2019s Senate term.<\/p>\n
\u201cIf he were here today, he would be jubilant about our bill\u2019s passage \u2014 and already thinking about the next one,\u201d\u00a0Blumenthal said of Graham\u00a0after the House passed the legislation Wednesday evening. Blumenthal added, \u201cPutin is a thug who understands only force and strength, which is what we must show clearly and unequivocally.\u201d<\/p>\n
Despite overwhelming support on Capitol Hill, the legislation faced criticism from a vocal set of Democratic lawmakers who warned that Trump could use his new expanded tariff powers to impose fresh levies in the European Union and elsewhere.<\/p>\n
\u201cWhy in the world would this Congress or the People\u2019s House give this president unfettered authority to visit more tariffs on the world that will have an adverse economic impact on the American people?\u201d House Minority Leader Hakeem Jeffries, D-N.Y., said as he laid out his opposition to the bill. \u201cI can\u2019t do it.\u201d<\/p>\n
Graham\u2019s journey to getting Trump\u2019s sign-off on the bill\u00a0had been full of fits and starts, as the White House had to be convinced that the president would be able to retain sufficient flexibility on sanctions. Eventually, Trump gave a nod to the bill after it included his push for a five-year extension of existing sanctions on Iran.<\/p>\n<\/div>\n
#Trump #signs #sanctions #bill #threatens #tariffs #top #importers #Russian #energy<\/p>\n","protected":false},"excerpt":{"rendered":"
The measure was a final legacy… <\/p>\n","protected":false},"author":1,"featured_media":4928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1195,424,7976,1430,1732,3506,588,5605,187,357,1425],"class_list":["post-4927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-bill","tag-energy","tag-importers","tag-russian","tag-sanctions","tag-signs","tag-tariffs","tag-threatens","tag-top","tag-trump","tag-ukraine-invasion"],"yoast_head":"\n
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<\/p>\n