U.S. Senators Propose Secondary Sanctions On Russian Oil

U.S. senators have put forward legislation that would impose secondary sanctions on Russian crude oil, Reuters said on Tuesday, in a move that could provoke two of Russia's largest oil importers, China and India. Democratic Senator Chris Van Hollen and Republican Senator Pat Toomey—two members of the Senate Banking, Housing, and Urban Affairs Committee—have implored the Biden Administration to enact secondary sanctions on Russia's crude oil and crude oil products. If passed, the legislation would target banks and other financial institutions,…