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US House to Vote Next Week on Russia Sanctions Bill That Could Tariff Buyers of Russian Oil, Gas
JH Kim
Summary
- The US House of Representatives is set to vote next week on a broad new sanctions bill targeting Russia.
- The bill may include provisions allowing tariffs to be imposed on countries that buy Russian oil and natural gas.
- The measure is focused on increasing economic pressure on third countries that continue energy trade with Russia and limiting Russia’s oil and gas export revenue.
Forecast Trend Report by Period
The US House of Representatives is set to vote next week on a broad new sanctions bill targeting Russia.
Cointelegraph reported on Sept. 11 that the measure may include not only direct sanctions on Russia, but also a provision allowing tariffs to be imposed on countries that buy Russian oil and natural gas.
The step is aimed at increasing economic pressure on third countries that continue energy trade with Russia, focusing on limiting Russia’s revenue from oil and gas exports.
Specific tariff rates and the countries subject to them are to be determined as the bill moves through the legislative process.
JH Kim
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