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US House passes bill to put new trade taxes on buyers of Russian oil

Reported by Harshdeep Singh (Fact-Checker) · Google News - USA Top Stories ·

✓ — also reported by NDTV - Top Stories

US House passes bill to put new trade taxes on buyers of Russian oilRepresentative image · Wikimedia Commons

Bill Passed

The US House of Representatives passed a new bill to place economic sanctions on Russia by adding tariffs. The legislation allows new tariffs on buyers of Russian oil. Lawmakers in Congress approved the measure, sending it forward. The act was championed by Graham and now goes to Trump.

ExplainerWhy this matters

What Happened

The US House of Representatives passed a bill to impose economic sanctions on Russia through new tariffs, specifically targeting oil buyers.

Why It Matters

This legislation adds financial pressure on Russia by penalizing nations or entities that purchase its oil, aiming to restrict revenue flows.

What Happens Next

The bill now moves to President Trump for final action, where it will either be signed into law or vetoed.

Read more at Google News - USA Top Stories