Senate Approves Legislation Sanctioning Nations Buying Russian Exports

Why it matters locally: While Maryland does not directly purchase Russian energy, this legislation could indirectly affect the state's economy by influencing global markets and trade relationships relevant to Maryland's key industries.

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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.