Schiff on lifting of some Russian sanctions: 'We're enriching our adversary'
Source: The Hill
03/15/26 12:47 PM ET
Sen. Adam Schiff (D-Calif.) on Sunday slammed the Trump administration’s “terrible decision” to lift some sanctions on Russian oil amid the war in Iran.
“I think this is a terrible decision, but it is one of the things that comes about as a result of the unpredictability of war,” Schiff told NBC News’s Kristen Welker on “Meet the Press,” noting that the U.S. is “essentially” giving Russia “$140 million a day” as Moscow is “providing intelligence to Iran to better attack and kill American troops.”
Treasury Secretary Scott Bessent announced Thursday that the U.S. would temporarily remove sanctions on Russian oil stranded at sea, as the administration looks to tamp down rising gas and oil prices. The move has agitated some critics, who argue its counterintuitive to the administration’s efforts to help bring about an end to Russia’s war in Ukraine.
Bessent said on social media that the “narrowly tailored” lifting of sanctions “will not provide significant financial benefit to the Russian government.” The sanction exemptions will remain in place until mid-April, according to the Treasury Department. There are about 130 million barrels of Russian oil at sea, according to Kpler, while the price for one barrel of crude oil hovers around $100.
Read more: https://thehill.com/business/5785023-schiff-slams-trump-russia-sanctions-lifting/
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