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US Republican Senator Toomey calls for sanctions on Russian oil, gas industries

( February 25, 2022, 19:05 GMT | Official Statement) -- MLex Summary: US Senate Banking Committee Ranking Member Pat Toomey is calling for the Biden administration to impose sanctions on the Russian oil and gas industries, calling the sanctions on Russian financial institutions "a small step in the right direction," but "inadequate." "The administration is intentionally leaving the biggest industry in Russia’s economy virtually untouched," Toomey said. "The U.S. should impose crippling sanctions on Russia’s oil and gas sector and Iran-style secondary sanctions on Russian banks that force the world to choose between doing business with Russia or the United States."Statement follows below:...

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