Atlantic Council this week released a new commentary arguing that the bipartisan Sanctioning Russia Act, which would impose sweeping new sanctions and tariffs on major buyers of Russian oil, carries significant risks if implemented without careful calibration, particularly regarding its effects on China, India, and Iran.
The commentary states that the bill’s effectiveness will depend on stronger enforcement of existing sanctions and stable Middle Eastern energy supplies, and Washington must carefully assess the risk of broad tariff measures that prompt retaliation or are undermined by extensive waivers.
Read the full commentary: What the latest US sanctions bill means for Russia and for China, India, and Iran