Senate Approves Russia Sanctions Legislation

Why it matters locally: While Virginia does not have a large direct economic reliance on Russian energy imports, these federal sanctions could indirectly affect Virginia businesses involved in international trade and global supply chains by altering market dynamics and energy costs.

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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.