Senate Builds the Architecture of Pressure: How the Sanctioning Russia Act Reshapes the Global Oil Trade
Senate Builds the Architecture of Pressure: How the Sanctioning Russia Act Reshapes the Global Oil Trade A bill to authorize 100% tariffs on Russian oil buyers has 26 co-sponsors and White House backing. The immediate question is whether it passes. The durable question is what the mechanism does to energy trade flows regardless. Key Takeaways The bill structure shifts from a blanket 500% tariff to a targeted 100% tariff on the top five buyers of Russian crude. China and India together account for EUR 9.4 billion per month in Russian crude purchases, creating immediate exposure. The bill includes a dedicated provision sanctioning the shadow fleet of tankers that move Russian oil outside Weste…
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