WASHINGTON (Sputnik) — The legislation, dubbed the Stability and Democracy (STAND) for Ukraine Act, would forbid NATO members from exporting arms containing US technology to Russia.
“[The bill] tightens existing US sanctions on Russia for its violation of Ukraine’s territorial integrity by authorizing a strict sanctions-evasion framework,” the release stated.
The Committee said the bill would also require a regular report on foreign financial institutions “illicitly controlling Ukraine state-owned assets — namely Russian banks in Crimea.”
Members of the committee have also suggested to extend the Magnitsky Act to additional territories.
"[The bill] extends the Magnitsky Act to territories occupied or otherwise controlled by Russia such as Crimea, Abkhazia, South Ossetia, and Transnistria," the press release stated.
