Russia may lose billions from Lindsey Graham's law — Yermak named the amount.

Russia may lose billions from Lindsey Graham's law — Yermak named the amount
Russia may lose billions from Lindsey Graham's law — Yermak named the amount

Sanctions against Russia could take billions of dollars from the country

If the U.S. Congress adopts Senator Lindsey Graham's sanction law against Russia, the invaders could lose billions of dollars. The law proposes to impose tariffs of 500% on countries that buy oil from Russia, Andrii Yermak stated in an interview with the New York Post.

How much will Russia lose due to Graham's law

According to Yermak, if the law is passed, India and China could become targets for large tariffs. These countries are the main buyers of Russian oil and bring significant profit to Moscow.

We believe that the adoption of this legislation will lead to losses for Russia of approximately $60 billion by the end of this year. This could also be a reason for a review of global trade priorities, as this trade helps Russia continue the war and kill Ukrainians,' Yermak noted.

Emphasizing the importance of changing trade priorities, Yermak expressed the opinion that replacing Russian oil with American energy resources could be a more advantageous option.

Let them buy American energy resources instead. It's a win-win situation

Noting that Trump is the only leader who can influence Russian aggression, Yermak called for the implementation of sanctions against Russia to send a 'powerful signal' to Vladimir Putin.

After the adoption of Senator Lindsey Graham's sanction law against Russia, significant losses for the country can be expected, especially in the oil sales sector. This initiative is causing reactions worldwide and could change the balance of power in global energy trade.

Read also

Advertising