Senate Approves Russia Sanctions Legislation

Why it matters locally: The imposition of new tariffs on Russian energy resources could indirectly affect global energy markets, potentially influencing the price and demand for North Dakota's oil and gas production.

The United States Senate has approved legislation that targets Russia's economy through new tariffs. The bill specifically focuses on major importers of Russian energy resources. Senator Lindsey Graham, a Republican from South Carolina, had previously supported the development of this legislation. He advocated for its passage in Congress. Graham passed away in July.