16:24 GMT01 March 2021
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    Members of the US House of Representatives Committee on Foreign Affairs have passed a bill to tighten sanctions against Russia because of the country’s alleged involvement in the conflict in eastern Ukraine, according to a press release issued by the committee on Thursday.

    WASHINGTON (Sputnik) — The committee passed the following measures:…As amended, H.R. 5094, Stability and Democracy for Ukraine Act, introduced by Rep. Eliot Engel (D-NY), contains, reverses and deters Russian aggression in Ukraine and assists Ukraine’s democratic transition, the release stated. 

    In April, Engel and Congressman Adam Kinzinger introduced the Stability and Democracy (STAND) for Ukraine Act, which would forbid NATO members from exporting arms containing US technology to Russia.

    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."

    In addition, the legislation would extend the existing Magnitsky Act to new territories, including Crimea, Abkhazia, South Ossetia, and Transnistria.

    The Magnitsky Act enables the US government to withhold visas and freeze financial assets of Russian officials suspected of involvement in human rights violations.

    Relations between Russia and the United States deteriorated after Crimea rejoined Russia in 2014. The United States, as well as the European Union and some other countries, imposed several rounds of sanctions on Russia's energy, banking and defense industries over Moscow’s alleged interference in Ukraine.

    Russia has refuted all US and western allegations and warned it is the United States and NATO that threat regional and global stability by amassing troops and weapons on Russia’s borders.


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