US House to Vote Next Week on Russia Sanctions Bill That May Include Tariffs on Oil Buyers
JH Kim
Summary
- The U.S. House is set to vote next week on a sweeping new sanctions bill targeting Russia.
- The bill could include provisions allowing tariffs to be imposed on countries that buy Russian oil and natural gas.
- The measure is aimed at raising economic pressure on third countries that continue energy trade with Russia and limiting its oil and gas export revenue.
Forecast Trend Report by Period
The U.S. House of Representatives plans to vote next week on a sweeping new sanctions bill targeting Russia.
Cointelegraph reported on Sept. 11 that the measure could include not only direct sanctions on Russia, but also provisions allowing tariffs on countries that buy Russian oil and natural gas.
The measure is aimed at raising economic pressure on third countries that continue energy trade with Russia, with the goal of limiting Moscow's revenue from oil and gas exports.
Specific tariff rates and the countries subject to them are to be determined during the legislative process.
JH Kim
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