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New Ssanctions On Russia Anger EU, Oil & Gas Industry

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With a vote of 419 to 3, the House of Representatives passed legislation envisaging firmer economic sanctions against Russia as well as a stipulation that would make it harder for the White House to weaken any future sanctions against Moscow.

The overwhelming vote, media noted, was a blow to President Trump, who had asked for flexibility in the adjustment of the sanction policy. Instead, the House passed the new sanction bill with veto-proof majority, The Hill reports, taking away Trump’s chance to block it.

Now, the bill must pass through the Senate, but it’s still unclear when the upper house will vote on it. If it approves the bill, sanctions imposed on Russia two years ago will become a law. Also, fresh sanctions against Iran and North Korea are included in the package.

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Written by Irina slav for OilPrice.com

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