The US Senate has passed a far-reaching bill that would impose tougher sanctions on Russia’s energy sector, as pressure grows on Moscow over the ongoing war in Ukraine.
The legislation is designed to target Russia’s oil and gas revenues, which are a major source of funding for the Russian government. It also proposes penalties for countries that continue to conduct certain energy-related business with Russia.
Supporters of the bill say stronger economic pressure could reduce the Kremlin’s ability to finance the war and encourage Russia to negotiate an end to the conflict. The measure has attracted bipartisan support in the Senate.
However, the proposed sanctions could also have wider consequences for the global economy, particularly for countries that continue to purchase Russian energy. Critics have warned that tougher restrictions could disrupt energy markets and increase fuel prices.
The bill now faces further steps before it can become US law. Its final impact will depend on the legislation's implementation and how other countries respond to the proposed sanctions.