USA politics

The European Commission plans a new round of sanctions against Russia, including a proposed ban on maritime services for vessels carrying Russian oil, as officials consult G7 partners. This development comes as the war nears its fourth year, impacting energy revenues and sanctions enforcement.

Analysts warn that Section 899 of the “One Big Beautiful Bill”—Donald Trump’s proposed retaliatory tax on foreign entities—could deter investment by imposing a tax starting at 5 %, rising to 20 %, on companies from countries that levy “unfair” taxes on US entities.

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