Another blow to Russia: the United States Congress introduced a bill of sanctions against the Russian government debt

The bill called “an Act of solidarity with Britain against violations of Russia”.

Ще один удар по РФ: в Конгрес США внесли законопроект санкцій проти російського держборгу

Us Congress – Democrat Joaquin Castro and Republican Michael Turner introduced a congressional bill which proposes to impose sanctions against people responsible for poisoning former GRU officer Sergey Skripal and his daughter Julia. In particular, it prohibits transactions with the new sovereign debt of Russia. The document is published in the database of Congress documents.

The bill called “an Act of solidarity with Britain against violations of Russia”. “Russian aggression must be met with force and determination, including through sanctions aimed at deterring future attacks on the Russian dissidents, expatriates and democratic activists,” reads the bill.

The text says that sanctions should be imposed by the President within 60 days after the adoption of the bill. Not later than 90 days after the imposition of sanctions, the President will prohibit American citizens from engaging in transactions with a sovereign debt of Russia, issued not earlier than 180 days after enactment.

In addition, under the bill, the President must “to the extent necessary” to block and prohibit transactions with all property or interests in property of a number of Russian financial institutions if the property or share in property located in the United States, enter the territory of this country or come into the possession of a citizen of the United States. The bill lists the financial institutions in question is Sberbank, VTB, Gazprombank, Bank of Moscow, Rosselkhozbank, Promsvyazbank and Vneseconombank.

April 6, Bloomberg reported about the failure of the U.S. Treasury to impose sanctions against Russian government debt. “We will introduce targeted sanctions against the” bad “individuals and companies instead of sanctions to public debt”, – the Agency cited the words of US Treasury Secretary Stephen Mocha.

The US Treasury warned about the dangers of debt sanctions against Russia. In the report the Agency noted that the sanctions may negatively affect global financial markets.

To impose sanctions on investments in Russian debt was offered in the framework of the law, which trump signed in August 2017. It was dedicated to countering “enemies of the United States” through sanctions.

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