Proposed US sanctions target Russia’s gas, sovereign debt, banks & shipbuilding projects

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The US Senate has released a draft law on extending penalties against Russia. The bill threatens to target multiple sectors of the Russian economy, including operations with sovereign debt and investing in LNG projects abroad. If passed, the bill, titled Defending American Security from Kremlin Aggression Act of 2019 (DASKAA), will ban US nationals from “engaging in transactions with, providing financing for, or otherwise dealing” in Russia’s state debt, including “bonds issued by the Central Bank, the National Wealth Fund, or the Federal Treasury of the Russian Federation, or agents or affiliates of any of these entities.” The document, which is set to be approved by the US Congress and signed by the president, was introduced by Senators Lindsey Graham and Bob Menendez earlier this year, marking the second attempt by the lawmakers to impose additional sanctions against Moscow. The previous version was defeated last year.

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This post originally appeared on SOTT.net

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