The U.S. Senate approved a procedural vote on July 28 local time for a bill aimed at sanctioning Russia and Iran, according to Jin10 as cited by ChainCatcher. The measure passed by an 86-12 vote.
Under the bill, the United States would impose a 100% secondary tariff on countries that continue buying Russian oil and natural gas. The legislation also adds a provision to extend sanctions on Iran that were previously set to expire at the end of this year, keeping those restrictions in force.
The update centers on the Senate vote result and the main provisions disclosed in the bill text.
The U.S. Senate passed a procedural vote on July 28 local time for a bill targeting Russia and Iran, according to Jin10 as cited by ChainCatcher. The vote passed 86-12.
Under the bill, the United States would impose a 100% secondary tariff on countries that continue to buy Russian oil and natural gas. The bill also adds a provision extending sanctions on Iran that were originally set to expire at the end of this year, ensuring those measures remain in effect.
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