Washington proposes new financial sanctions against Russia

  27 February 2019    Read: 1523
Washington proposes new financial sanctions against Russia

A new bill intended to impose additional sanctions with respect to Russia was published on the U.S. Congress website.

The Defending American Security from Kremlin Aggression Act (DASKAA) of 2019 was introduced by Senators Lindsey Graham, Cory Gardner, as well as Bob Menendez, Ben Cardin and Jeanne Shaheen on February 13. The reintroduced version of DASKA has some new provisions, Interfax reported.

The authors of the bill proposed to prohibit U.S. persons from engaging in transactions with Russian sovereign debt issued after the date that is 90 days after such date of enactment (by the Central Bank, the National Wealth Fund, or the Federal Treasury of the Russian Federation) with a maturity of more than 14 days.

According to the bill, the sanctions should be imposed with respect to any Russian financial institution that the President determines has provided "support for interference by the Government of the Russian Federation in the democratic process or elections of any country other than the Russian Federation."

The senators propose to impose sanctions on investment in Russian LNG projects outside of Russia, having a fair market value of $1,000,000 or more; or having an aggregate fair market value of $5,000,000 or more during a 12-month period.

According to the bill, the sanctions should be imposed on "political figures, oligarchs, and family members and other persons that facilitate illicit and corrupt activities, directly or indirectly, on behalf of Vladimir Putin."

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