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House Gives Trump New Tools to Pressure Putin

House Gives Trump New Tools to Pressure Putin
Trump gets new power against Putin · livemint.com

The House of Representatives passed a bill designed to put more pressure on Russia and Vladimir Putin.

The Senate had already approved the bill, so it now goes to President Donald Trump.

The bill would punish Russian businesses, banks, wealthy supporters and ships involved in oil exports.

It would also let the president place very large tariffs on countries that buy Russian oil and gas.

China and India are among the countries that could be affected.

Supporters believe these measures could make it harder for Russia to pay for its war in Ukraine.

Critics worry that the president would have too much power to set tariffs.

The bill was passed while Russia and Ukraine continued fighting and Russian forces attacked civilian targets and power plants.

Key facts

House vote
262-159, including support from 203 Republicans, 58 Democrats and one independent.
Senate vote
The Senate passed the bill with 86 votes last month.
Maximum tariff
The president could impose a tariff of up to 100% on the five largest importers of Russian oil and gas over a 12-month period.
Targeted entities
The bill targets Russia’s shadow fleet, oligarchs, banks and foreign financiers of its industrial base.
Potentially affected countries
China and India are among the current top importers of Russian oil and gas identified in the article.
European exemption
The bill says tariffs should not be imposed when a country’s gas imports represent less than 15% of Russian exports and it has taken significant steps to reduce dependence.
Next step
The measure now goes to President Donald Trump for his signature.

Quotes

Roger Wicker

Republican U.S. senator who supports the sanctions and tariff legislation

“specifically targets Chinese support for Russia’s weapons producers.”
livemint.com
“They basically do what we do”
livemint.com

Sources

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