Home›Global Markets›Trade & Tariffs›Senate plans a key vote on new Russia sanctions

Senate plans a key vote on new Russia sanctions

The proposed package would bar Russian officials and oligarchs, their family members, and Russian financial institutions from accessing covered activities tied to the sanctions.

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reports that the U.S. Senate is preparing to set up a key vote on a new round of Russia sanctions. The plan would target Russian officials, oligarchs, and their family members, along with foreign persons named in the measure.

According to CNBC World, the sanctions coverage would also extend to Russian banks and financial institutions, and to the so-called Russian shadow fleet.

The proposed sanctions are described as aiming to restrict dealings and financial activity involving the listed groups and entities tied to Russia’s sanctioned networks. A Senate vote is expected to be a key step toward determining whether the restrictions advance.

More like this

Sources