Blumenthal, Graham propose 500% tariff on Russian oil buyers over Ukraine
The legislation includes a 500% tariff on goods from countries buying Russian oil, gas, uranium and other products.
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Apr 2, 2025, 10:53 AM
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Updated 22 hr ago
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12h agoSen. Richard Blumenthal (D-CT) and Sen. Lindsey Graham (R-SC) have proposed new sanctions against Russia and its supporters in the Ukraine conflict.
The legislation includes a 500% tariff on goods from countries buying Russian oil, gas, uranium and other products.
"These sanctions against Russia are at the ready and will receive overwhelming bipartisan, bicameral support if presented to the Senate and House for a vote," Blumenthal said. "We support an immediate ceasefire to secure a lasting, honorable peace."
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