Senate Approves Legislation Sanctioning Nations Buying Russian Exports

Why it matters locally: While Delaware does not have a major oil or gas industry, the legislation could indirectly impact the state's economy through changes in global energy prices and supply chains, potentially affecting local businesses and consumer costs.

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The U.S. Senate has approved bipartisan legislation aimed at imposing sanctions on countries that continue to purchase Russian oil, gas, and other exports. Senators passed the measure by a vote of 86-11. The bill's proponents designed it to diminish Russia's revenue streams, which finance the country's military actions. The legislation focuses on economic pressure by targeting nations that maintain trade relations involving key Russian exports.