U.S. senators may look to ban Russia from buying reserve oil- Schumer

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, Feb 1 (Reuters) - U.S. senators may look to add Iran and Russia to a U.S. House-passed bill that stops releases of oil from the Strategic Petroleum Reserve from being sold to China, Senate Majority Leader Chuck Schumer said on Wednesday. Schumer, asked by a reporter about bringing the bill to floor said, "I've seen the House proposal," Schumer said following a closed weekly meeting of Senate Democrats: "What about Iran? What about Russia? We may think of adding some new countries in." (Reporting by Richard Cowan and Timothy Gardner; Editing by Chizu Nomiyama)

@timogard); Reuters Messaging: timothy.gardner.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.