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US Congress updated the bill on sanctions against the Russian Federation

 Breaking News
US Congress updated the bill on sanctions against the Russian Federation
February 28
13:00 2019

The US Congress has submitted a new bill on sanctions against the Russian Federation. The information about its presentation appeared on February 13.

The main provisions of the bill, version 2.0, have remained almost the same as in the version presented in 2018. The project authors proposed to impose a ban on transactions with the state debt of the Russian Federation.  It is about the transactions with the duration of more than 2 weeks. The ban will become operational 3 months after the law comes into force.

The financial institutions of Russia, which somehow interfered in the internal affairs of other states, will be affected by the application of the American sanctions.

Investments in Russian LNG projects worth more than $ 1 million operating abroad will come under sanctions. Nothing (yet!) has been said about “Nord Stream 2”.

Special attention is paid to sanctions against politicians, oligarchs and others who have any relation to the illegal actions of the current president of Russia. After six months since the law goes into effect, intelligence will have to provide the US government with the data on the fortune and assets of the Russian leader.

The bill has sanctions against Russian shipbuilding. This will be a response to the aggression of the Russian Federation in Ukraine.

Senators proposed to cancel the possibility of the US withdrawal from NATO without the prior approval of the Senate.

The bill has also presented changes regarding the media. From now technology companies and social media will share the responsibility to protect their platforms from misinformation from the Russian Federation or other countries.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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