- Democratic Senator Chris Van Hollen and Republican Senator Pat Toomey—two members of the Senate Banking, Housing, and Urban Affairs Committee—have implored the Biden Administration to enact secondary sanctions on Russia’s crude oil and crude oil products.
- The ultimate goal of the legislation is to make it harder for buyers to circumvent the price cap, designed to restrict Russia’s revenue stream from the sale of oil and oil products.
- Rosenberg also indicated that guidelines are coming that would address the issue of blending Russian crude with crude from other sources to skirt those sanctions.
U.S. Senators Propose Secondary Sanctions On Russian Oil
