US Senators Push to Reinstate Russian Oil Sanctions

US Senators Push to Reinstate Russian Oil Sanctions

A group of 14 Senate Democrats is pressing the Trump administration to reinstate sanctions on Russian oil after a temporary waiver tied to the Iran war. In a letter to Treasury Secretary Scott Bessent, the lawmakers argued that the policy allows additional revenue to flow to Moscow, at a time when oil prices are already elevated. The administration first eased sanctions in mid-March after the Strait of Hormuz disruption tightened global supply a…

Senate Democrats: Resume Sanctions on Russian Oil

Fourteen Democratic senators led by Sen. Michael Bennet, Colo., urged the Treasury Department in a letter released May 5 to resume the Russian oil sanctions it paused by issuing and then renewing a general license authorizing the delivery and sale...