US senators have revised a Russia sanctions bill, slashing the proposed maximum tariff on Russian oil from 500% to 100%, offering major relief to top importers like India and China. The bill also targets Russia's shadow fleet and major energy projects, while granting the US President waiver authority.
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1-Minute Revision
- ›Original Max Tariff: 500%
- ›Revised Max Tariff: 100%
- ›Target this Data: Original tariff was 500%, revised to 100%.
- ›Target this Nodal Body: US Senate (bipartisan bill by Graham and Blumenthal).
- ›Target this Legal Point: Presidential waiver authority for sanctions.
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