The legislation allows US President Donald Trump to introduce a cut of up to 500% to the countries that buy Russian naphtha.
US Treasury Secretary Scott Bessent warned China that continued purchases of sanctioned Russian oil could lead to the introduction of high prices. He stated this at a press conference, concluding the new negotiations between the United States and China in Stockholm, reports Reuters.
A bill in the US Congress would allow President Donald Trump to impose tariffs of up to 500% on foreign countries to buy sanctioned Russian naphtha, which could force US allies to pay similar prices at the same time as Russian oil. energy supply.
“I also think that anyone who buys Russian naphtha, who is under sanctions, may be prepared for this,” Bessent said.
Following the words of the American minister, Chinese officials confirmed that “China is a sovereign power with energy needs, and oil purchases are based on the country’s domestic policy.”
“The Chinese are very serious about their sovereignty. We don’t want to destroy their sovereignty, so they are ready to pay 100% of it,” Bessent said.
Apparently, China is the largest buyer of Russian oil, selling nearly 2 million barrels per day, followed by India and Turkey.
Apparently, on June 27, Trump announced that the United States had signed a trade agreement with China, without providing further details.
This homeownership was the result of early negotiations in Geneva on the cob of grass, after some grievances on both sides resulted from the mass movement that threatened to paralyze a significant part of trade between countries.
On June 28-29, the United States and China held negotiations in Stockholm to regulate the trade supercharger by extending the pause in mutual tariff increases for three months.
