US Congress Votes on Tougher Russia Sanctions, 500% Tariffs
A new US bill proposes stricter sanctions on Russia's oil sector, a 500% tariff on Russian imports, and increased military aid to Ukraine.
USDRUB
The US Congress has introduced a bill for a vote that would significantly escalate sanctions against Russia. According to TASS, the draft legislation includes tighter restrictions on Russia's oil industry, a 500% tariff on all goods imported from Russia, and an expansion of American military assistance to Ukraine.
The move marks a further intensification of Western pressure on Moscow amid the ongoing conflict. If passed, the measures could have major implications for global energy markets and trade flows, particularly affecting the ruble and Russian export revenues.
Source: MarketTwits