15:45 GMT +317 November 2019
Listen Live
    People listen during a hearing of the House Foreign Affairs Committee in Washington, DC. (File)

    US Congressmen Introduce Bill to Tighten Sanctions Against Russia

    © AFP 2019 / BRENDAN SMIALOWSKI
    Politics
    Get short URL
    10330
    Subscribe

    Members of the US House Committee on Foreign Affairs have introduced a bill to tighten sanctions against Russia amid the country’s alleged involvement in the conflict in eastern Ukraine, according to a press release issued by the committee on Friday.

    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.

    Related:

    Iran-Turkey Economic Ties to Gain Momentum With Lifting of Sanctions
    Saudi-Backed Syrian Opposition Calls for Sanctions Against Truce Violators
    US Threat to Businesses Spooks EU Ahead of June Anti-Sanctions Summit
    Tags:
    anti-Russian sanctions, Magnitsky Act, US House Committee on Foreign Affairs, United States, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik