finance
U.S. Senators Release Updated Russia Sanctions Bill Text
The bill reduces proposed tariffs on buyers of Russian oil and gas and adds waiver authority for the president. It also creates exceptions for countries that import limited volumes of Russian natural gas.
Jul 14, 3:01 PM·1m read3 sources
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U.S. senators released the text of an updated sanctions bill targeting Russia. The measure lowers the maximum tariff that could apply to the top five purchasers of Russian oil and gas from 500 percent to 100 percent.
The bill also permits exceptions for countries that import less than 15 percent of Russia's natural gas exports and that take steps to reduce those imports.
The legislation allows the president to waive sanctions if the action is deemed to be in the U.S. national interest.
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