Senate Approves Russia Sanctions Legislation

Why it matters locally: While Rhode Island does not have significant direct energy imports from Russia, the broader economic implications of these sanctions, particularly on global energy markets, could indirectly affect the cost of goods and services for consumers and businesses across 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.