Bipartisan Group of Senators Readies New Sanctions on Russia
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A group of 50 Republican and Democratic senators introduced a sanctions package to hit Russia and countries that buy its oil if President Vladimir Putin refuses to engage in good-faith ceasefire negotiations with Ukraine or breaches an eventual agreement.
The punishments would include a 500% tariff on imports from countries that buy Russian oil, petroleum products, natural gas or uranium, according to a draft of the bill seen by Bloomberg News. Other sanctions would also prohibit US citizens from buying Russian sovereign debt, according to the draft.