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Lindsey Graham's tariffs bill would target China, India as Russian oil buyers, WSJ reports

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Lindsey Graham's tariffs bill would target China, India as Russian oil buyers, WSJ reports

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  • The measure, which was expected to be introduced in Congress as soon as this week, would target the top five buyers of Russian oil and gas, with China and India atop the list.
  • Under the draft bill, Trump could issue up to 100% tariffs on the individual countries and individuals facilitating those energy sales, people familiar with the matter said, who added any tariff decision would be the president's alone.
  • The bill also includes sanctions provisions on Russian defense, energy, and financial targets as well as the country's shadow fleet, the secretive network of aging vessels to circumvent global sanctions, the people familiar with the matter said.

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