US Postpones 'hell Of A Sanctions' Against Russia Over Military Operation Against Iran

Consideration of the bill has been postponed until July.

The U.S. Senate has postponed plans to impose "hellish sanctions" on Russia and its trading partners because of the military conflict between Israel and Iran and the need to pass a massive tax cut bill that President Donald Trump has proposed, according to Semafor.

Senate Republican Majority Leader John Thune said in a conversation with the publication that consideration of the sanctions bill has been delayed until at least July. "Right now all eyes are on Israel and Iran," noted Republican Senator Tommy Tuberville.

The delay is also due to the fact that the bill's authors, Senators Lindsey Graham and Richard Blumenthal, have to rework it. Specifically, they intend to exempt from sanctions those buyers of Russian energy resources who are helping Ukraine.

The original version of the bill called for the U.S. to impose 500% duties on imports from countries that would buy Russian oil, petroleum products, natural gas, uranium and more.

But that could effectively cut the U.S. off from some major economies, including allies in Europe that continue to buy oil, gas and nuclear fuel from Russia. Graham noted in a conversation with Semafor that the Senate "is going to have to wait a little bit," without giving a specific timeline. "Now the situation with Iran is changing... But that doesn't mean I've forgotten about Russia or Ukraine. Not at all," the senator assured the senator.

In early June, Trump asked Senate Republicans not to bring a sanctions bill against Russia to a vote yet. At the time, according to Reuters White House sources, Trump hoped he would be able to achieve "fruitful negotiations" with Russian President Vladimir Putin on Ukraine.

He also hoped the U.S. could begin economic cooperation with Russia once the war was over. At the G7 summit in Canada, the White House chief said he was not imposing new restrictions because he was still waiting for an opportunity to strike a peace deal on Ukraine. He also reminded that sanctions are "not just a one-way street", moreover, they cost the US "a tidy sum".

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