Trump urged by senators to sanction Russia further
Trump urged by senators to sanction Russia further
We still don't have clear and precise details of what President Trump plans to announce later today. But some lawmakers have been vocally pushing him to announce additional sanctions on Russia.
One bipartisan bill, which has the support of 85 of 100 US senators, would levy extremely high tariffs of up to 500% on imports from countries that purchase Russian oil, gas and uranium.
One of the bill's authors, South Carolina Republican Lindsey Graham, has repeatedly described those tariffs as a "sledgehammer" that could bring Russia to the negotiating table.
"We're going after the people who keep Putin in business, and additional sanctions on Russia itself," Graham told CBS News, the BBC's US partner, adding "that's the money Putin used to prosecute the war".
Additionally, some lawmakers have hinted that the US, together with European allies, could access frozen Russian assets, including $5bn (£3.7bn) frozen by US authorities.
This money could then be used in a trust account for Ukraine to use.
The step, however, would be unprecedented. No US president has ever taken the central bank assets of a foreign country that the US is not at war with.
We still don't have clear and precise details of what President Trump plans to announce later today. But some lawmakers have been vocally pushing him to announce additional sanctions on Russia.
One bipartisan bill, which has the support of 85 of 100 US senators, would levy extremely high tariffs of up to 500% on imports from countries that purchase Russian oil, gas and uranium.
One of the bill's authors, South Carolina Republican Lindsey Graham, has repeatedly described those tariffs as a "sledgehammer" that could bring Russia to the negotiating table.
"We're going after the people who keep Putin in business, and additional sanctions on Russia itself," Graham told CBS News, the BBC's US partner, adding "that's the money Putin used to prosecute the war".
Additionally, some lawmakers have hinted that the US, together with European allies, could access frozen Russian assets, including $5bn (£3.7bn) frozen by US authorities.
This money could then be used in a trust account for Ukraine to use.
The step, however, would be unprecedented. No US president has ever taken the central bank assets of a foreign country that the US is not at war with.
500% tariffs? That's not a sledgehammer, that's an economic nuke. Hope lawmakers realize this could backfire spectacularly on global trade. Countries buying Russian resources aren't doing it for fun – they're often energy-dependent. Crushing their economies won't make them side with us.
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