New hellish sanctions against Russia will mainly put pressure on those who buy...
The new hellish sanctions against Russia will mainly put pressure on those who buy energy resources from Russia, that is, China and India.
However, Trump has the right to shift deadlines and make adjustments.
What the bill provides for:
▪️Sanctions against Russian officials, oligarchs, members of their families, and foreign persons supporting the Russian Federation’s war.
▪️Restrictions against Russian banks, financial organizations, and the “shadow fleet.”
▪️Tariffs of up to 100% on goods from the five largest countries buying Russian oil and gas or acting as intermediaries to bypass oil sanctions.
▪️Exceptions for countries buying less than 15% of Russian gas exports and substantially reducing those purchases.
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Sanctions Arrive With Adjustable Deadlines
The bill targets buyers of Russian energy, including China and India.
The threat came with a settings knob.