Oil news

US Senators release text of updated Russia sanctions bill negotiated by Trump and late Senator Graham; Bill eases tariffs that could be placed on buyers of Russian oil and gas

Newsquawk Staff ·

  • Tariffs for Russian oil and gas buyers would be reduced to a maximum of 100% on the top 5 purchasers, from a blanket 500%.
  • Bill lets Trump waive sanctions if he deems it in the US national interest to do so.

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