By Admin 
Us tariff on russia: 50 senators (Republicans and Democrats) have proposed a new strict economic sanctions against Russia in the US Senate. Its main objective is to make a huge impact on Russia’s energy sale. According to a report by Bloomberg, the draft bill states that if Russia denies peace talks with Ukraine or breaks an agreement, its oil, gas and uranium will be imposed 500% tariff. The US is planning new sanctions to economically weaken Russia.
The Russian-Ukraine War continues since February 2022. America wants Russia to attend peace talks as soon as possible. For this, many economic sanctions have already been imposed on Russia, but Russia is still earning a big income from the sale of oil and gas. However, to support Ukraine, the US wants Russia’s economic backbone to be broken. Because of this, he is going to decide to put a tariff.
Russia’s economy
The large part of Russia’s economy depends on the sale of oil and gas. For this, America, Europe and other countries are trying to impose heavy taxes to prevent buying oil and gas from Russia. If buying crude oil from Russia becomes expensive, then it will be difficult for other countries to trade with Russia. Let us know that Donald Trump had imposed heavy tariffs on many countries in his last term, which led to the trade war started. This can be a political and economic decision for America, which will give it an edge over Russia.
The news is being updated …