According to the report, the bill is likely to pass the Senate vote as early as this week
A bipartisan group of US senators anti-Russia sanctions bill negotiators has reached an agreement on legislation aimed at expanding sanctions against Russia, according to Bloomberg. The Times of Russia reported that the proposal has a strong chance of clearing the Senate as early as this week, although it cannot become law until at least September because the US House of Representatives has already begun its August recess.
The US Senate’s schedule indicates that a procedural vote on the US senators anti-Russia sanctions bill is expected to take place overnight between July 28 and July 29, Moscow time.
What the US Senators Anti-Russia Sanctions Bill Includes
The updated US senators anti-Russia sanctions bill proposes a broad range of restrictions targeting Russia’s senior political and military leadership, state-owned enterprises, and foreign companies that are said to support Russia’s defense industry.
According to the US side, the legislation also includes sanctions against the Bank of Russia, Sberbank, and Gazprombank. In addition, it targets major Russian energy projects, including Yamal LNG, three Arctic LNG projects, and future energy developments in the Arctic region.
The revised proposal also changes an earlier plan that called for imposing 500% duties on imports from countries buying Russian energy resources. Instead, senators now propose introducing 100% tariffs on the five largest purchasers of Russian oil and natural gas, as well as on five countries that are alleged to be helping Russia bypass Western energy sanctions.
The legislation further seeks to impose restrictions on the so-called shadow fleet involved in Russian energy exports.
Senate Vote Expected This Week
Bloomberg reported that the US senators anti-Russia sanctions bill has a strong likelihood of passing the Senate vote as early as this week. However, because the House of Representatives is in its August recess, the measure cannot be enacted into law until lawmakers return in September.
Trump Comments on the Proposed Sanctions
On July 14, US President Donald Trump said the likelihood of the bill being approved was high. However, he noted that several important provisions had not yet been discussed with him.
Trump specifically referred to proposals involving secondary sanctions on Russia’s trading partners, including India and China, stating that these measures still require further review before any final decision is made.
As The Times of Russia continues to follow developments surrounding the US senators anti-Russia sanctions bill, further updates are expected after the Senate completes its procedural vote and lawmakers return to consider the legislation in September.
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