Senate Approves Russia Sanctions Legislation

Why it matters locally: While New Jersey does not directly import significant amounts of Russian energy, these national tariffs could indirectly impact energy costs and the supply chain for various goods and services within the state.

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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.