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Senators urge Biden admin for secondary sanctions on Russian oil purchases

The push comes as the US and Group of Seven nations seek to limit Russian President Vladimir Putin's ability to fund his war in Ukraine

Photo: Bloomberg
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Photo: Bloomberg

Daniel Flatley | Bloomberg
A bipartisan pair of senators is pressing the Biden administration to use secondary sanctions to enforce a cap on the price of Russian oil.

The push comes as the US and Group of Seven nations seek to limit Russian President Vladimir Putin’s ability to fund his war in Ukraine.

Senators Chris Van Hollen, a Maryland Democrat, and Pennsylvania Republican Pat Toomey are working on legislation that would impose secondary sanctions on foreign firms that facilitate the trade of Russian oil and on countries that increase their purchases of the commodity. 

Also Read: Russia war, virus and climate

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First Published: Sep 21 2022 | 8:09 AM IST

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