US Senate Threatens 500% Tariffs On Russian Oil If Putin Refuses Peace Talks

KYIV, UKRAINE - MAY 30: U.S. Senator Lindsey Graham (R) speaks during a press conference on Saint Michael's Square in the city center on May 30, 2025 in Kyiv, Ukraine. A bipartisan delegation from the USA, including Democratic Senator Richard Blumenthal and Republican Senator Lindsey Graham, arrived in Kyiv for a visit. During their visit, the senators outlined how US Senate could hit the Russian economy by imposing a 500 percent tariff on anyone buying Russian oil, gas or petrochemicals. This bill received the support of more than 80 out of 100 senators and aims to isolate Russia if Putin does not agree to serious peace talks to end the war in Ukraine. (Photo by Viktor Kovalchuk/Global Images Ukraine via Getty Images)