US enacts law targeting Putin

The U.S. House of Representatives approved a sanctions package including tariffs of up to 100% on Russian oil and gas, aimed at reducing Moscow's funding for its war in Ukraine. The legislation targeted the energy and defense sectors, President Vladimir Putin, and senior Russian officials, in addition to monitoring oil tankers used to circumvent sanctions. The bill broadens sanctions on companies supporting the Russian military and seeks to pressure the Russian government. It is one of the largest sanctions efforts against Moscow since Donald Trump took office.

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