logo
SEN LINDSEY GRAHAM: Russia sanctions bill aims to change Putin's calculus, protect world order

SEN LINDSEY GRAHAM: Russia sanctions bill aims to change Putin's calculus, protect world order

Fox Newsa day ago

President Donald Trump is making an earnest and sincere effort to secure a ceasefire and an eventual just and honorable end to the Russia-Ukraine war.
He and his team have engaged Russia's Vladimir Putin in order to find that pathway forward, but it is clear the only pathway Putin is interested in is military operations in Ukraine and eventually, beyond.
As a result, the coming days will be extremely consequential for the Kremlin and those who are propping up Putin's war machine. Additional action from both Europe and the United States is inevitable.
The Russia-Ukraine war has garnered global attention, not only because of its barbaric nature but also the consequences to world order.
We have been working with the White House since day one in drafting this package. We now have over 84 Senate cosponsors and 70 House cosponsors of legislation to enact hard-hitting sanctions and tariffs on Russia and its financial backers.
It is clear to me and virtually every sponsor of the Russia sanctions bill that the way we deal with Putin will either encourage or deter bad actors.
The purpose of this legislation is to break the cycle of China -- a communist dictatorship -- buying oil below market price from Putin's Russia, which empowers his war machine to kill innocent Ukrainian civilians.
This bill would end that cycle.
China is watching the United States' resolve regarding Putin's effort to dismember Ukraine and possibly other sovereign nations. It is not my goal to humiliate Russia, but it is my goal to make sure that China sees the outcome of this conflict and feels that its efforts to take Taiwan by force would not be in the People's Republic's best interest.
It is also very important that we let Iran and other aggressive nation states know that the price for disrupting world order, seizing other nation's land and trying to dominate their neighbors is not worth it.
I have been incredibly impressed with Europe's recent resolve, both in toughening sanctions and investing in their military. Europe is answering President Trump's call to increase defense spending to 5% of their gross domestic product.
As a result of Putin's invasion of Ukraine, NATO is bigger and tougher than ever. However, it is important that we continue to act decisively to end this war not only soon, but in the right way.
Unfortunately, the more we engage Putin, the more aggressive he gets. It's time to change the game.
New European sanctions on Russia's energy and banking sectors were released this week, and they are more hard-hitting than ever. This package also singles out Chinese business entities for their financial support of the war and recommends lowering the price that Europe pays for Russian oil from $60 to $45 per barrel, in order to drive down Russian revenues that allow Putin's bloodbath to continue.
As to the Russia sanctions bill in the U.S. Congress, overwhelming support continues to build. Our goal is to give President Trump more leverage to end this war quickly.
This bicameral, bipartisan bill is simple – and we've made some important changes.
The United States and our allies have paid a price in the past to maintain freedom and order, and we shall again.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ethereum Treasury Firm SharpLink Gaming Plunges 70% – But There May Be a Twist
Ethereum Treasury Firm SharpLink Gaming Plunges 70% – But There May Be a Twist

Yahoo

time17 minutes ago

  • Yahoo

Ethereum Treasury Firm SharpLink Gaming Plunges 70% – But There May Be a Twist

SharpLink Gaming (SBET), a Nasdaq-listed company that is pursuing an ether ETH treasury strategy, tumbled 70% on Thursday in after-hours trading following a fresh filing to the U.S. Securities and Exchange Commission. The company submitted an S-3ASR registration statement, enabling the resale of up to 58,699,760 shares related to its private investment in public equity (PIPE) financing. The Thursday filing allows more than 100 shareholders in the PIPE round to sell their shares, effectively flooding the market and triggering a post-close sell-off, Charles Allen, CEO of BTCS, a publicly-traded firm that's pursuing crypto reserve strategy, explained in an X post and an interview with CoinDesk. The company raised $450 million earlier this month through a PIPE round from a wide range of investors, including ConsenSys, Galaxy, and Pantera Capital, to acquire ETH for its treasury. Ethereum co-founder and ConsenSys CEO Joseph Lubin also joined the firm as board chairman. However, there may be a larger strategy behind the latest move. Allen said in an X post that he thinks the company may have quietly raised up to $1 billion to buy more ETH using an at-the-market (ATM) offering that was previously announced in a May 30 SEC filing. "If they played cards right, they would expect a surprise PR tomorrow with $1B of ETH purchases, which could light the match to reignite the stock," he said. ETH is down 4.1% over the past 24 hours at around $2,650 as bitcoin and the broader crypto markets slid.

Why Getty Images Stock Was Soaring This Week
Why Getty Images Stock Was Soaring This Week

Yahoo

time17 minutes ago

  • Yahoo

Why Getty Images Stock Was Soaring This Week

A crucial shareholder vote ratified the company's pending merger. It aims to fuse with Shutterstock in a cash-and-stock deal. 10 stocks we like better than Getty Images › Over the past few days, it hasn't been hard to imagine reaping gains on photography services provider Getty Images (NYSE: GETY). After all, the company's stock was a hot item on the market, thanks to a well-received deal to merge with a peer. According to data compiled by S&P Global Market Intelligence, as of late Thursday afternoon, the shares were up by more than 13% week to date. On Tuesday, photo-sharing site operator Shutterstock announced its shareholders had approved -- by a large majority -- their company's pending merger with Getty Images. The vote was roughly 82% in favor of the move. In its press release, Shutterstock wrote that "The combined company will be well-positioned to meet the ever-changing needs of customers through combined investment in content creation, event coverage, and product and technology innovation." The cash-and-stock deal was originally agreed at the start of this year, and although it's been described as a "merger of equals," the Getty Images name will be retained for the combined entity. Also, current Getty Images stockholders will hold nearly 55% of the new business, according to rough calculations. Not that many investors in either company seem to mind -- Shutterstock's equity also popped on news of that shareholder vote. Subsequent to the Shutterstock poll, several insiders in both companies sold off some equity holdings as if to validate the merger and its price. Among these individuals was Getty Images's senior vice president of e-commerce, Daine Weston, who unloaded some of his company's class A common stock, and Shutterstock director Deirdre Bagley, with a sale of 9,700 restricted stock units. Before you buy stock in Getty Images, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Getty Images wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor's total average return is 998% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Shutterstock. The Motley Fool has a disclosure policy. Why Getty Images Stock Was Soaring This Week was originally published by The Motley Fool Sign in to access your portfolio

Poundland moves to new ownership under Gordon Brothers
Poundland moves to new ownership under Gordon Brothers

Yahoo

time17 minutes ago

  • Yahoo

Poundland moves to new ownership under Gordon Brothers

Pepco Group has finalised the sale of its Poundland business to Gordon Brothers International LLC, marking a significant step in the company's strategy to focus on its higher margin Pepco retail operations. The transaction, completed in June 2025, is expected to simplify Pepco Group's structure and enhance overall profitability. The sale of Poundland, a UK-based discount retailer operating over 800 stores and employing around 16,000 people, aligns with Pepco Group's decision to concentrate on its core Pepco brand, which primarily offers clothing and general merchandise. In the previous financial year, Poundland accounted for about one-third of group revenues but contributed only 5% to earnings before interest, tax, depreciation, and amortisation (EBITDA). The divestment is designed to improve revenue growth, increase margins, and boost cash generation by focusing on the more profitable Pepco operations across Europe. Gordon Brothers is a global advisory, restructuring, and investment firm that specialises in helping businesses with asset management, turnaround, and growth strategies. Established over a century ago, the company works across various industries to manage and revitalise brands and operations. Their acquisition of Poundland fits within their wider approach to investing in retail businesses and supporting their development. Poundland was sold for nominal consideration, with Pepco retaining secured and unsecured loans amounting to £30 million as part of the deal. A restructuring plan involving the transfer of certain financial arrangements is pending approval by the High Court in England. Under the new ownership, Poundland will continue to operate under its established brand in the UK, led by current managing director Barry Williams. Pepco Group expects to retain a minority investment interest, allowing it to maintain some involvement in Poundland's future performance. Both companies have also agreed on transitional service arrangements to support operations during the changeover. This move is part of a broader strategy by Pepco Group to streamline its portfolio and focus on sectors delivering higher returns and stronger growth prospects, moving away from fast-moving consumer goods (FMCG) and potentially considering further divestments in related businesses. Several news outlets, including the BBC, have reported that Poundland was sold for approximately £1. However, Pepco's official statement did not disclose a specific sale price, instead referring only to the shares being sold for "nominal consideration," which typically means a very small or symbolic amount. "Poundland moves to new ownership under Gordon Brothers" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store