“According to the ambassador, the draft law creates a legal basis for increasing sanctions pressure on oil revenues of the Russian Federation”, — write: www.radiosvoboda.org
According to her, the authors of the draft law emphasized that the purchase of Russian oil finances the war against Ukraine, and any countries, companies or financial intermediaries that facilitate such trade should understand the consequences, including the risk of losing access to the US financial system.
“The draft law creates a legal basis for increasing sanctions pressure on the oil revenues of the Russian Federation. If approved, the US president will be required to impose sanctions on persons involved in importing Russian oil within 90 days,” she wrote on her Facebook page.
The MP added that this legislative initiative “once again demonstrates strong bipartisan support for further economic pressure on the aggressor.”
Read also: Reuters: Russia’s revenues from oil and gas may fall to a minimum in 2020
On October 22, the US Treasury introduced sanctions against the largest Russian oil companies – Rosneft and Lukoil. US President Donald Trump expressed hope that the imposed sanctions against Russian oil companies will affect the end of Russia’s war against Ukraine.
After that, US Secretary of State Marco Rubio announced that Washington was running out of options to introduce new sanctions against the Russian economy.
In May, Senator Richard Blumenthal, a Democrat, and Senator Lindsey Graham, a Republican, said the US Senate could begin considering a sanctions bill that would, among other things, impose 500 percent tariffs on imports from countries that buy Russian oil, gas, uranium and petroleum products.
Ukraine has repeatedly called on the West to strengthen sanctions against Russia, accusing Moscow of delaying negotiations to end the war.