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Verilumia

The Daily Verified Briefing

Markets

Senate Passes Sanctions Bill Targeting Russian Oil Buyers

Published 7 August 2026

The U.S. Senate passed a sweeping bipartisan sanctions bill on Friday, August 7, 2026, that would grant President Donald Trump the authority to impose tariffs of up to 100 percent on imports from countries that are among the top five purchasers of Russian oil and gas. The legislation, named the Lindsey O.

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