500% tariffs on Russia incoming after Trump gives thumbs up to sanctions bill

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00:00President Trump has finally given his approval to a bipartisan Russian sanctions bill that

00:05was introduced and put in a drawer for eight months.

00:07Members of Congress believe this legislation could be the final blow to the Russian economy,

00:12which would force President Vladimir Putin into a ceasefire.

00:15I am not optimistic that he will come to the table unless we apply these sledgehammer sanctions

00:22that stop revenue for his war machine from the sales of oil and gas.

00:30The bill is two-pronged and mainly targets Russian petroleum products like oil and gas.

00:34It would impose a 500 percent tariff on all goods and services imported from Russia into

00:38the United States.

00:40It also imposes a 500 percent tariff on all countries that buy Russian uranium and petroleum

00:45products.

00:46That would put immense pressure on India, China, Brazil and Hungary to stop buying Russian oil

00:51oil and gas, which has been used as the main revenue source for the war.

00:55Reports indicate India and China are both ending their purchase agreements due to a separate

00:59sanctions package.

01:00If they keep buying Russian oil, their products that come into the United States would be subject

01:05to the 500 percent sanction.

01:06I'm very glad that the president has finally, finally explicitly given his OK to the bill,

01:14and I hope it will move forward right away, either in the House or the Senate.

01:19It is needed now more than ever as the possibility of talks appears to be perhaps happening.

01:30All the more reason that the president of the United States should have these economic sanctions

01:36as a possible remedy if the purchase of oil and gas continue by China, India, Brazil, Hungary.

01:46Congress is looking for new ways to support Ukraine, particularly ways that don't involve

01:50large American wire transfers.

01:52Ukraine is running out of money, and America is not going to provide more.

01:58An alternative would be to pass a resolution asking, perhaps even directing the Europeans to release

02:10the $300 billion of frozen Russia assets, now in cash, to Ukraine to use to fight back.

02:21There are some Republicans who don't want to send any more support to Ukraine because they

02:25believe struggling Americans need the money and the resources here at home.

02:29For the lawmakers on both sides of the aisle that do support Ukraine, there has been disagreement

02:33since the war started as to what Ukraine should be allowed to do with the weapons they buy from

02:38the West.

02:39Some believe Ukraine should not be allowed to strike inside Russian territory.

02:44Others say Ukraine will only be able to win if they're more aggressive.

02:48Let them buy missiles and take out every petroleum refinery in Russia and every manufacturing plant

02:58in Russia that's being used to manufacture munitions or weapons.

03:04And the Europeans respond when I've suggested that to them, well, we don't want to break

03:09international law.

03:14What planet are they living on?

03:16Putin is breaking international law.

03:19He invaded a sovereign country.

03:21The exact timing on the final approval of this bill is not yet known.

03:25Certainly Thanksgiving break next week is going to cause a delay.

03:28But the first week of December is certainly a possibility.

03:31I'm Ray Bogan for Straight Hour News.

03:33For more unbiased reporting straight from our nation's capital, download the SAN app.

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