1/21, 10:16 PM (Source: TeleTrader)
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US House panel chair proposes Russia sanctions

United States House of Representatives Foreign Affairs Committee Chair Gregory Meeks revealed on Friday legislation that includes sanctions against Russia if Moscow decides to invade Ukraine.

Notably, the bill calls for sanctions against Russian President Vladimir Putin, other Russian leaders, the Nord Stream 2 natural gas pipeline, "Russian extractive industries,... at least 3 Russian financial institutions" as well as banning "all transactions of new Russian debt."

Meeks's piece of legislation is the companion bill to Senator Bob Menendez's Defending Ukraine Sovereignty Act of 2022. Having two almost identical bills moving through the two chambers of Congress at the same time improves the pace of the legislative process.

Baha Breaking the News (BBN) / MS