‘Insane, Ridiculous’: Russian Lawmakers React to New U.S. Sanctions Bill

The bill would also impose several strict measures on Russia's oil and gas sector
‘Insane, Ridiculous’: Russian Lawmakers React to New U.S. Sanctions Bill
14 February 09:19 2019 Print This Article

U.S. senators introduced a bill on Wednesday that would impose stiff new sanctions on Russia over suspected meddling in U.S. elections and aggression against Ukraine.

Targets of the sanctions would include: Russian banks that support efforts to interfere in foreign elections; the country’s cyber sector; new sovereign debt; and individuals deemed to “facilitate illicit and corrupt activities, directly or indirectly, on behalf of” Russian President Vladimir Putin.

The bill would also impose several strict measures on Russia’s oil and gas sector, which makes up about 40 percent of the Russian government’s revenues. The measures include sanctioning people who provide goods, services or financing to support the development of crude oil in the country.

Russian state-owned energy projects outside of Russia including investments in liquefied natural gas projects would also face sanctions.

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