US Senators introduce Russia 'bill from hell' - Reuters
US lawmakers have introduced a bill that seeks to impose stiff new sanctions on Russia and to head off further election meddling, as well as to punish Russia for its military activities in both Syria and Ukraine.
Key quotes
"The bill includes restrictions on new Russian sovereign debt transactions, energy and oil projects and Russian uranium imports, and new sanctions on Russian political figures and oligarchs. “The current sanctions regime has failed to deter Russia from meddling in the upcoming 2018 midterm elections,” said Republican Senator Lindsey Graham, one of the measure’s lead sponsors. Earlier this week, Graham had told reporters he planned a “sanctions bill from hell” to punish Russia.
Congress passed a Russia sanctions bill last summer but some lawmakers chafed at what they saw as President Donald Trump’s reluctance to implement it; he signed it only after Congress passed it with huge majorities. Democratic Senator Bob Menendez said the administration had not fully complied with those sanctions.
“This bill is the next step in tightening the screws on the Kremlin and will bring to bear the full condemnation of the United States Congress so that Putin finally understands that the U.S. will not tolerate his behavior any longer,” Menendez said. Republicans and Democrats united last month in repudiating Trump’s failure to publicly condemn Russian President Vladimir Putin for interfering in the 2016 U.S. elections. Still, Congress failed to pass anything before lawmakers left Washington for their weeks-long summer recess."
Author
Joshua Gibson
FXStreet
Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.
