Jerry Moran: “the recent decision to waive oil sanctions on Russia and Iran in an attempt to stabilize oil prices frees up both of…”

“the recent decision to waive oil sanctions on Russia and Iran in an attempt to stabilize oil prices frees up both of these adversaries to sell their oil at market prices. Waiving oil sanctions now enriches the very countries that we wish to harm. It advantages the countries that wish to do us harm. Iran and Russia are actively working to place Americans and other innocent lives at risk. Iran has provided Russia with critical drone technology to use in terrorizing Ukrainians. And Russia is reportedly providing intelligence that allows Iran to target U.S. facilities and critical infrastructure throughout the Middle East. I urge the administration to immediately delist these waivers and not renew them once they expire after 30 days. Last October, President Trump took the extraordinary step of imposing sanctions on Russia's two largest energy producers, LUKOIL and Rosneft. This move was long overdue, and it corrected yet another error of President Biden's handling of Russia's war against Ukraine. Here in this body, in the Senate, more than 80 Senators have added their names to legislation to further sanction Russian oil, and there is significant support to get this legislation passed. In the months following President Trump's new sanctions, Russia's revenue dropped significantly. Vladimir Putin was beginning to feel the budgetary pressures, forcing him to choose between which domestic program to cut to sustain his war of aggression in Ukraine.”