US to increase tariffs on the sale of Russian oil

 Federalist Wire:

...

Trump has repeatedly signaled a tougher stance on Moscow, particularly in response to attacks that have harmed Ukrainian civilians. He has floated the idea of imposing steep penalties on nations purchasing Russian goods like oil and minerals.

Additionally, Trump has raised the possibility of supplying Ukraine with a new Patriot air-defense system, either directly or through allies such as Germany or France, to bolster defenses against Russian rocket assaults.

The timing of Trump’s planned statement is critical, as a bipartisan Senate bill, co-sponsored by Sens. Lindsey Graham (R-SC) and Richard Blumenthal (D-Conn.), gains traction.

The legislation, which reportedly has the support of over 80 senators, would mandate a 500% tariff on countries buying Russian oil.

To accommodate Trump’s concerns, the bill allows the president to issue two 180-day waivers, though a second waiver would require congressional approval—a provision the White House has resisted, according to a source familiar with the matter who spoke to the New York Post.
...

Putin has been attempting to regain control of Ukraine, much like the old Soviet Union.   If the US imposes a 500% tariff on the purchase of Russian oil, that could significantly reduce Russian sales that fund the government.  Defenivel missiles provided to Ukraine would make Putin's war less effective.

See also:

Donald Trump hammers Vladimir Putin with an eyebrow raising ultimatum

And:

 NATO’s Robust Defense Strategy Challenges Russia

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