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US Senate may work on Russia sanctions bill this month
US Senate may work on Russia sanctions bill this month

Reuters

time7 hours ago

  • Business
  • Reuters

US Senate may work on Russia sanctions bill this month

WASHINGTON, June 2 (Reuters) - The Republican leader of the U.S. Senate said on Monday the chamber could begin work this month on a bill imposing stiff sanctions on Russia - and secondary sanctions on countries that trade with Russia - over its war in Ukraine. Majority Leader John Thune said President Donald Trump's administration still hopes for an agreement to end the three-year-old conflict, but the Senate is prepared to help put pressure on Moscow. "We also stand ready to provide President Trump with any tools he needs to get Russia to finally come to the table in a real way," Thune said in a speech opening the Senate. Thune told reporters afterward he has been discussing the sanctions legislation with the White House. The measure would impose 500% tariffs on countries that buy Russian oil, gas, uranium and other exports. China and India account for about 70% of Russia's international energy business, which helps fund its war effort. The bill, whose lead sponsors are Republican Senator Lindsey Graham of South Carolina and Democratic Senator Richard Blumenthal of Connecticut, now has at least 82 co-sponsors in the 100-member Senate. Graham said in Kyiv last week he thought the Senate could take up the bill as soon as this week, but Thune did not set that timeframe. "I think right now they're still hopeful they'll be able to strike some sort of a deal. But as you might expect, there's a high level of interest here in the Senate, on both sides of the aisle, and moving on it, and it very well could be something that we would take up in this work period," Thune said. He was referring to the weeks before lawmakers leave Washington ahead of the July 4 Independence Day recess. "We're working with the White House to try and ensure that what we do and when we do it, it works well with the negotiations that they've got under way," Thune said. Graham has said the legislation would impose "bone-breaking sanctions" on Russia and its customers if Moscow does not engage in talks, or if it initiates another effort undermining Ukraine's sovereignty after any peace deal. The measure is a rare example of bipartisanship in the bitterly divided U.S. Congress. Trump appears to be growing increasingly impatient with what he has suggested might be foot-dragging over a wider agreement with Moscow to end the war. To become law, the legislation must pass the Senate and House of Representatives and be signed by Trump. Trump has said he worries more sanctions would hurt prospects for a peace deal. There has been no indication from the House's Republican leaders of any plan to allow a vote on the sanctions package.

Oil Prices Rise After Ukrainian Strikes on Russia
Oil Prices Rise After Ukrainian Strikes on Russia

Yahoo

time19 hours ago

  • Business
  • Yahoo

Oil Prices Rise After Ukrainian Strikes on Russia

Instead of falling, Brent crude prices are up about 3% to start the week, at a shade under $65 a barrel. Prices are getting a boost from Ukraine's drone strikes on military airports inside Russia, analysts say, and a push by U.S. lawmakers to further cut off Russian oil from global markets. Meanwhile, Senators Lindsey Graham and Richard Blumenthal said over the weekend they aim to have tighter limitations in place on Russian oil by the G-7 summit in mid-June.

After talks with Zelenskyy and Macron, US senators warn: Putin ‘is preparing for more war'
After talks with Zelenskyy and Macron, US senators warn: Putin ‘is preparing for more war'

Yahoo

timea day ago

  • Business
  • Yahoo

After talks with Zelenskyy and Macron, US senators warn: Putin ‘is preparing for more war'

PARIS — Russian President Vladimir Putin is stalling at the peace table while preparing a new military offensive in Ukraine, two senior U.S. senators warned Sunday, arguing that the next two weeks could shape the future of a war that has already smashed cities, displaced millions and redrawn Europe's security map. Republican Sen. Lindsey Graham and Democratic Sen. Richard Blumenthal spoke to The Associated Press in Paris after meeting President Volodymyr Zelenskyy and touring neighborhoods shattered by what they called the worst Russian bombardments since the full-scale invasion began. In Paris for talks with French President Emmanuel Macron — who they say is '100% aligned' with them on the war — the senators warned the window to prevent a renewed assault is closing. A sweeping U.S. sanctions bill could be the West's last chance to choke off the Kremlin's war economy, they said — adding that they hope their firsthand findings will shift momentum in Washington and help bring a skeptical President Donald Trump on board. 'What I learned on this trip was he's preparing for more war,' Graham said of Putin. Blumenthal called the sanctions proposed in legislation 'bone-crushing' and said it would place Russia's economy 'on a trade island.' 'It is crunch time for Putin and for the world because Russia is mounting a new offensive,' he said. At the heart of their push is a bipartisan sanctions bill, backed by nearly the entire U.S. Senate but still facing uncertain odds in Washington. It would impose 500% tariffs on countries that continue buying Russian oil, gas, uranium and other exports — targeting nations like China and India that account for roughly 70% of Russia's energy trade and bankroll much of its war effort. Graham called it 'the most draconian bill I've ever seen in my life in the Senate.' 'The world has a lot of cards to play against Putin,' he said. 'We're going to hit China and India for propping up his war machine.' With peace talks yielding little and Trump's approach to Ukraine highly uncertain, Graham and Blumenthal have stepped into the breach — blunt emissaries on a lonely mission. Political opposites moving in lockstep, they're crossing Europe, and the aisle, with the moral urgency of two men trying to forestall another Russian offensive before it's too late. Peace talks are scheduled to resume Monday in Istanbul. But Ukrainian officials say Moscow has yet to submit a serious proposal — a delay both senators described as deliberate and dangerous. 'Putin is playing President Trump,' Blumenthal said. 'He's taking him for a sucker.' The senator said Putin 'is, in effect, stalling and stonewalling, prolonging the conversation so that he can mount this offensive and take control of more territory on the ground.' Graham added: 'We saw credible evidence of a summer or early fall invasion, a new offensive by Putin. ... He's preparing for more war.' Trump has yet to endorse the sanctions bill, telling reporters Friday: 'I don't know. I'll have to see it.' Graham said the legislation was drafted in consultation with Trump's advisers. Graham backed the president's diplomatic instincts but said, 'By trying to engage Putin — by being friendly and enticing — it's become painfully clear he's not interested in ending this war.' Blumenthal hoped the bipartisan support for Ukraine at least in the Senate — and the personal testimonies they plan to bring home to Congress and the Oval Office— may help shift the conversation. 'He needs to see and hear that message as well from us, from the American people,' he said of Putin. In Kyiv, the senators said, the war's human toll was impossible to ignore. Graham pointed to what Ukrainian officials and Yale researchers estimate are nearly 20,000 children forcibly deported to Russia — calling their return a matter of justice, not diplomacy. Blumenthal described standing at mass grave sites in Bucha, where civilians were executed with shots to the head. The destruction, he said, and the stories of those who survived, made clear the stakes of delay. 'Putin is a thug. He's a murderer.' Both said that failing to act now could pull the U.S. deeper into conflict later. If Putin isn't stopped in Ukraine, Blumenthal said, NATO treaty obligations could one day compel American troops into battle. After a one-hour meeting with Macron in Paris, both Graham, of South Carolina, and Blumenthal, of Connecticut, said they left convinced Europe was ready to toughen its stance. 'This visit has been a breakthrough moment because President Macron has shown moral clarity in his conversations with us,' Blumenthal said. 'Today, he is 100% aligned with that message that we are taking back to Washington.' Blumenthal pointed to the rare bipartisan unity behind the sanctions bill. 'There are very few causes that will take 41 Republicans and 41 Democrats and put them on record on a single piece of legislation,' he said. 'The cause of Ukraine is doing it.' Ahead, Ukrainian military leaders are set to brief Congress and a sanctions vote could follow. 'President Trump said we'll know in two weeks whether he's being strung along,' Graham said. 'There will be more evidence of that from Russia on Monday.'

Graham Aims for Tough New Russia Sanctions Ahead of G-7 Summit
Graham Aims for Tough New Russia Sanctions Ahead of G-7 Summit

Bloomberg

timea day ago

  • Business
  • Bloomberg

Graham Aims for Tough New Russia Sanctions Ahead of G-7 Summit

Republican Senator Lindsey Graham, a close ally of President Donald Trump, said he aims to have new sanctions imposed on Russia before the Group of Seven summit in late June. In a joint statement with Democratic Senator Richard Blumenthal, the lawmakers said that Europe and the US should take steps to stop China and India from purchasing cheap Russian oil. The pair traveled to Kyiv together on Friday.

Putin is preparing for more war, U.S. senators warn, urging swift sanctions and global action
Putin is preparing for more war, U.S. senators warn, urging swift sanctions and global action

CTV News

time2 days ago

  • Business
  • CTV News

Putin is preparing for more war, U.S. senators warn, urging swift sanctions and global action

Sen. Richard Blumenthal, D-Conn., left, and Sen. Lindsey Graham, R-S.C thumb up during a news event at the US embassy to France, Sunday, June 1, 2025 in Paris. (AP Photo/Thomas Adamson) PARIS — Russian President Vladimir Putin is stalling at the peace table while preparing a new military offensive in Ukraine, two senior U.S. senators warned Sunday, arguing that the next two weeks could shape the future of a war that has already smashed cities, displaced millions and redrawn Europe's security map. Republican Sen. Lindsey Graham and Democratic Sen. Richard Blumenthal spoke to The Associated Press in Paris after meeting President Volodymyr Zelenskyy and touring neighborhoods shattered by what they called the worst Russian bombardments since the full-scale invasion began. In Paris for talks with French President Emmanuel Macron — who they say is '100 per cent aligned' with them on the war — the senators warned the window to prevent a renewed assault is closing. A sweeping U.S. sanctions bill could be the West's last chance to choke off the Kremlin's war economy, they said. 'What I learned on this trip was he's preparing for more war,' Graham said of Putin. Blumenthal called the sanctions proposed in legislation 'bone-crushing' and said it would place Russia's economy 'on a trade island.' 'It is crunch time for Putin and for the world because Russia is mounting a new offensive,' he said. At the heart of their push is a bipartisan sanctions bill, backed by nearly the entire U.S. Senate but still facing uncertain odds in Washington. It would impose 500 per cent tariffs on countries that continue buying Russian oil, gas, uranium and other exports — targeting nations like China and India that account for roughly 70 per cent of Russia's energy trade and bankroll much of its war effort. Graham called it 'the most draconian bill I've ever seen in my life in the Senate.' 'The world has a lot of cards to play against Putin,' he said. 'We're going to hit China and India for propping up his war machine.' Peace talks or stalling tactic? Peace talks are scheduled to resume Monday in Istanbul. But Ukrainian officials say Moscow has yet to submit a serious proposal — a delay both senators described as deliberate and dangerous. 'Putin is playing President Trump,' Blumenthal said. 'He's taking him for a sucker.' The senator said Putin 'is, in effect, stalling and stonewalling, prolonging the conversation so that he can mount this offensive and take control of more territory on the ground.' Graham added: 'We saw credible evidence of a summer or early fall invasion, a new offensive by Putin. ... He's preparing for more war.' Trump has yet to endorse the sanctions bill, telling reporters Friday: 'I don't know. I'll have to see it.' Graham said the legislation was drafted in consultation with Trump's advisers. Graham backed the president's diplomatic instincts but said, 'By trying to engage Putin — by being friendly and enticing — it's become painfully clear he's not interested in ending this war.' Blumenthal hoped the bipartisan support for Ukraine at least in the Senate — and the personal testimonies they plan to bring home to Congress and the Oval Office— may help shift the conversation. 'He needs to see and hear that message as well from us, from the American people,' he said of Putin. A moral reckoning In Kyiv, the senators said, the war's human toll was impossible to ignore. Graham pointed to what Ukrainian officials and Yale researchers estimate are nearly 20,000 children forcibly deported to Russia — calling their return a matter of justice, not diplomacy. Blumenthal described standing at mass grave sites in Bucha, where civilians were executed with shots to the head. The destruction, he said, and the stories of those who survived, made clear the stakes of delay. 'Putin is a thug. He's a murderer.' Both said that failing to act now could pull the U.S. deeper into conflict later. If Putin isn't stopped in Ukraine, Blumenthal said, NATO treaty obligations could one day compel American troops into battle. They see resolve in Europe After a one-hour meeting with Macron in Paris, both Graham, of South Carolina, and Blumenthal, of Connecticut, said they left convinced Europe was ready to toughen its stance. 'This visit has been a breakthrough moment because President Macron has shown moral clarity in his conversations with us,' Blumenthal said. 'Today, he is 100% aligned with that message that we are taking back to Washington.' Blumenthal pointed to the rare bipartisan unity behind the sanctions bill. 'There are very few causes that will take 41 Republicans and 41 Democrats and put them on record on a single piece of legislation,' he said. 'The cause of Ukraine is doing it.' Ahead, Ukrainian military leaders are set to brief Congress and a sanctions vote could follow. 'President Trump said we'll know in two weeks whether he's being strung along,' Graham said. 'There will be more evidence of that from Russia on Monday.' Thomas Adamson, The Associated Press

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