Top Russian military and government officials, including President Vladimir Putin and key banking institutions, will be given sweeping sanctions if Moscow engages in hostilities against Ukraine, according to a new U.S. law passed today. the Washington Post.
The legislation also includes provisions to strengthen Ukraine’s security and encourages the United States to “consider all available and appropriate measures” to ensure that the Nord Stream 2 pipeline – a “tool of malicious influence of the Russian Federation” – does not work. referred to in the post.
The bill will also target companies in Russia that offer secure messaging systems, such as SWIFT, which banks use to exchange important information with other financial institutions, the report said.
More than 20 Democrats in the Senate, including Majority Leader Chuck Sumer, have already backed the bill, which was drafted by Senate Foreign Relations Committee Chairman Robert Menendez, the National Security Council spokeswoman told the Post. The White House supports Menendez’s bill, which “could have serious costs for the Russian economy” if Russia invades, and other measures, such as that passed by Republican Sen. Ted Cruz, in a separate “they will not repel further Russian aggression or protect Ukraine.”
Several Democratic senators said late Monday night after meeting with Biden government officials that they believe possible sanctions on Russia’s Cruz-backed Nord Stream 2 pipeline could damage relations with Germany.
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