U.S. Sens. Chris Van Hollen (D-Md.) and Pat Toomey (R-Pa.) on Wednesday proposed tightening restrictions on Russia by setting a price cap on Russian oil and sanctioning countries that exceed a certain threshold of business with Russian energy companies. The senators introduced a framework toward enacting legislation, outlining their bipartisan support for a price cap on Russian seaborne oil and petroleum products by March 2023, with the price cap lowering by one-third each year until it breaks even by the third year, according to a press release from Toomey and Van Hollen. Additionally, the framework would require the U.S. Energy Information Agency to provide a list of all the nations
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