The European Commission is confident that the European Union will manage to avoid the economic blowback from a new US Senate bill that envisions 500% tariffs on importers of Russian energy, which, if applied, would wreck about a dozen member states.
"We are in the process of phasing out imports of fossil fuels from Russia, and therefore, this should ultimately not be a problem," Paula Pinho, the Commission's chief spokesperson, said on Tuesday afternoon.
The draft law, jointly promoted by Lindsey Graham, a Republican from South Carolina, and Richard Blumenthal, a Democrat from Connecticut, foresees primary sanctions against Russia and secondary sanctions against its clients in an attempt to force the Kremlin into serious negotiations for a lasting peace in Ukraine.
Graham has described it as "the most draconian bill I've ever seen in my life in the Senate", while Blumenthal said the sweeping restrictions would be "bone-crushing" and place Russia's economy "on a trade island".
The project has amassed over 80 signatures in the 100-seat chamber, an impressive amount of bipartisan support aimed at securing President Donald Trump's backing.
EU confident it will avoid 500% tariffs from US Senate sanctions bill against Russia | Euronews
What about Hungary and Slovakia? Lol.
Last edited by Ryuu96 - on 03 June 2025
