A group of US senators presented a bill on new sanctions against the Russian Federation in the event of a further aggravation of the crisis in Ukraine.
The document obliges to impose sanctions on high-ranking officials: Russian President Vladimir Putin, Prime Minister Mikhail Mishustin, Foreign Minister Sergei Lavrov, Chief of the General Staff of the Armed Forces of the Russian Federation Valery Gerasimov; as well as against “the commanders of the various branches of the armed forces, including the air force and the navy”;
The document obliges the President to impose restrictions on at least three banks and financial institutions listed:
Sberbank, VTB, Gazprombank, Moscow Credit Bank, Alfa-Bank, Otkritie Bank, PSB, Sovcombank, Transcapitalbank, and the Russian Direct Investment Fund ( RDIF) and VEB. RF”;
Gives the right to impose sanctions on financial messaging tools such as SWIFT; requires reporting on measures to terminate the provision of services to banks under sanctions;
Prohibits operations with primary and secondary public debt of Russia.
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Russia’s illegal annexation of Crimea, invasion of eastern Ukraine, election interference, malicious cyber activities, human rights abuses, uses of chemical weapons, weapons proliferation, illicit trade with North Korea, and support to Syria and Venezuela. Further sanctions on Russian persons, entities, and ships involved in the Nord Stream 2 projects have been imposed, and additional measures are also under consideration, although the U.S. Government waived sanctions on Nord Stream 2 AG, the company behind Russia’s Nord Stream 2 gas pipeline to Germany, and its chief executive, in May 2021.