Trump Confirms He Will Sign Russia Sanctions Bill

Tyler Durden's picture

Following the approval from overwhelming majorities in both the House (419-3) and Senate (98-2), President Trump has just confirmed that he will sign the Russia sanctions bill into law.  The confirmation comes despite days of speculation after Anthony Scaramucci told CNN that Trump could sign the sanctions bill or "veto the sanctions and negotiate an even tougher deal against the Russians."

"President Donald J. Trump read early drafts of the bill and negotiated regarding critical elements of it.  He has now reviewed the final version and, based on its responsiveness to his negotiations, approves the bill and intends to sign it."

 

Your move, Mr. Putin.

* * *

For those who missed it, here is some background on the bill from our prior posts:

Two days after the House passed bipartisan legislation in a 419-3 vote codifying and imposing further sanctions against Russia, Iran and North Korea and preventing the president from acting unilaterally to remove certain sanctions on Russia, moments ago the Senate also overwhelmingly approved the measure in a 98-2 vote.  Only Senators Rand Paul and Bernie Sanders voting no. The bill will now head to the White House where it will be either signed into law by the president or vetoed, setting up a potential showdown with the White House over Russia. The move marks congressional Republicans' first rebuke of Trump's foreign policy, where the administration's warmer stance toward Russia has drawn heavy skepticism from both parties.

The three countries named in the bill are accused of violating “the international order” by Senator Bob Menendez, the former chairman of the foreign relations committee.

Under the bill, existing sanctions on Russia for its aggression in Ukraine and interference in the 2016 election would be codified into law. New sanctions would go into effect against Iran for its ballistic missile development, while North Korea’s shipping industry and people who use slave labor would be targeted amid the isolated nation’s efforts to launch an intercontinental ballistic missile (ICBM).

While a full breakdown of the key details in the legislation is provided at the bottom of this post, in a nutshell the sanctions target Russian gas and pipeline developments by codifying six of Barack Obama’s executive orders implementing sanctions on Russia for its alleged interference in the US elections.

John McCain lauded the bipartisan process that supported the bill: “We will not tolerate attacks on our democracy!” the Senator, who chairs the armed services committee, said from the Senate floor. “That's what this bill is all about.”

The Senate passage now sends the sanctions bill to Trump's desk, although lawmakers expressed mixed expectations on whether the president would sign it into law. In recent days, White House press secretary Sarah Huckabee Sanders offered mixed messages in recent days.  On Sunday, Sanders told ABC’s “This Week” that the administration supports the bill. But on Monday, she told reporters on Air Force One that Trump is “going to study that legislation” before making a final decision.

* * *

Should Trump sign the bill into law, a prompt Russian response is imminent. On Thursday, Russia's Kommersant newspaper reported that Russia is planning “symmetrical" response to earlier U.S. actions, including expelling diplomats and seizing U.S. Embassy properties, if and when Trump signs the new sanctions legislation.

It noted that Russia may take the Serebryany Bor vacation complex, and send home 35 diplomats, the same number as the Russian diplomats who were expelled by Barack Obama late in December. Komersant added that Russia may also limit maximum number of U.S. diplomatic personnel, which currently exceeds Russian staff in U.S.

Also on Thursday, Vladimir Putin said that Russia would be forced to retaliate if Washington pressed ahead with what he called illegal new sanctions against Moscow, describing U.S. conduct towards his country as boorish and unreasonable.

"As you know, we are exercising restraint and patience, but at some moment we'll have to retaliate. It's impossible to endlessly tolerate this boorishness towards our country," Putin told a joint news conference during a press conference in Findland.

"When will our response follow? What will it be? That will depend on the final version of the draft law which is now being debated in the U.S. Senate."

Putin also spoke about an ongoing diplomatic row between Moscow and Washington which erupted last December when then U.S. President Barack Obama ordered the seizure of Russian diplomatic property in the United States and the expulsion of 35 Russian diplomats.

"This goes beyond all reasonable bounds," said Putin. "And now these sanctions - they are also absolutely unlawful from the point of view of international law." Calling the proposed sanctions "extremely cynical," Putin said the demarche looked like an attempt by Washington to use its "geopolitical advantages ... to safeguard its economic interests at the expense of its allies".

* * *

But while Russia's adverse reaction is to be expected, it is the EU's response that will be closely watched.

According to an internal memo leaked to the FT earlier in the week, Brussles said it should act "within days" if new sanctions the US plans to impose on Russia prove to be damaging to Europe’s trade ties with Moscow. Retaliatory measures may include limiting US jurisdiction over EU companies. The memo, reported by the Financial Times and Politico, has emerged amid mounting European opposition to a US bill seeking to hit Russia with a new round of sanctions. 

The document said European Commission chief Jean-Claude Juncker was particularly concerned the sanctions would neglect the interests of European companies. Juncker said Brussels “should stand ready to act within days” if sanctions on Russia are “adopted without EU concerns being taken into account,” according to the Financial Times.

The EU memo also warns that “the measures could impact a potentially large number of European companies doing legitimate business under EU measures with Russian entities in the railways, financial, shipping or mining sectors, among others.”

The freshly leaked memo suggests that the EU is seeking “a public declaration” from the Trump administration that it will not apply the new sanctions in a way that targets European interests.  Other options on the table include triggering the ‘Blocking Statute,’ an EU regulation that limits the enforcement of extraterritorial US laws in Europe. A number of “WTO-compliant retaliatory measures” are also being considered, according to the memo.

Over the weekend, we reported that Brussles expressed its concerns over the sanctions bill, when the European Commission said in a statement that “the Russia/Iran sanctions bill is driven primarily by domestic considerations,” adding that it “could have unintended consequences, not only when it comes to Transatlantic/G7 unity, but also on EU economic and energy security interests.” 

And so, trapped between looking like a Russian crony on one hand if he refuses to sign the bill, and inflaming relations with not only Moscow but also Europe if he does sign, it will be up to Trump to determine if the feud with Russia escalates even more and involves European nations who are far closer to Russia in socio-economic terms than they would like to admit.

* * *

Finally, courtesy of Goldman, here are the main details of the legislation:

Here are the main details of the draft legislation:

  • Codifies existing US sanctions on Russia and requires Congressional review before they are lifted.
  • Reduces from 30 days to 14 days the maximum allowed maturity for new debt and new extensions of credit to the state controlled financial institutions targeted under the sectoral sanctions.
  • Reduces from 90 days to 60 days the maximum allowed maturity for new debt and new extensions of credit to sectoral sanctions targets in the energy sector, although this largely only brings US sanctions in line with existing EU sanctions, which already impose a 30-day maximum for most energy companies.
  • Expands the existing Executive Order authorising sectoral sanctions to include additional sectors of the Russian economy: railways and metals and mining.
  • Requires sanctions on any person found to have invested $10 million or more, or facilitated such an investment, in the privatisation of Russian state-owned assets if they have “actual knowledge” that the privatisation “unjustly benefits” Russian government officials or their close associates or family members.
  • Authorises (but does not require) sanctions “in coordination with allies” on any person found to have knowingly made an investment of $1 million or more (or $5 million or more in any 12-month period), or knowingly provided goods or services of the same value, for construction, modernisation, or repair of Russia’s energy export pipelines.
  • Orders the treasury, in consultation with the Director of National Intelligence and the Secretary of State, to prepare detailed reports within the next 180 days:
    • on Russia’s oligarchs and parastatal companies including individual oligarchs' closeness to the Russian state, their involvement in corrupt activities and the potential impact of expanding sanctions with respect to Russian oligarchs, Russian state-owned enterprises, and Russian parastatal entities, including impacts on the entities themselves and on the economy of the Russian Federation, as well as the exposure of key US economic sectors to these entities.
    • on the impact of debt- and equity-related sanctions being extended to include sovereign debt and the full range of derivative products.

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Lost in translation's picture

US is the New Age Reich.

FAIL.

Truther's picture

Putin will check mate these bitches. Watch out. 

stizazz's picture

I've been saying for a long time that Trump's deep into the deep joowitch state.

armada's picture

Probably why he fired Priebus who was against that move, a sell-out on his campaign promise.

Manthong's picture

 

Awshit,

I thought he was a bit smarter than that.

We don’t need to rig the system the way the deep state wants it rigged.

,,and it will blow up in all of their faces… like Afghanistan, Iraq, Libya and Ukraine.

armada's picture

When it blows up in their faces, like you say, the people are the ones who will pay the price, not these asswipes.

TahoeBilly2012's picture

And the Rothchild Klan sit back in their smoking jackets eating Greek Baby Stew. All is well, all is well.

Slack Jack's picture

I wrote this yesterday:

The Orange Jew actually wants to enact sanctions against Russia.

However, he wants to do this while still pretending to represent those that voted for him.

That is why the House voted 418 to 2 for sanctions.

That is why the press screams that the sanctions deal is veto-proof.

All to give him a plausible excuse to sign the bill, to do what he wants, but not what his support base wants.

As many Trump supporters now suspect, Trump has actually been their enemy from the beginning.

If the Orange Jew is the real deal then he will veto this sanctions legislation.

But, Trump is not the real deal. So, he will sign it into law.

Trump is no different from Obama, Bush and Clinton.

tmosley's picture

I think a fun way to end this idiocy would be to lobby for a bill allowing him to initiate a nuclear first strike on Russia. Then call any who opposed such measures "pussies" on Twitter.

JSBach1's picture

Is it not just interesting that the DC creatures can work together in near unanimity when it involves their internal interests, but fail to do the same wherein it involves the interests of people who finance their discretionary spending?

Check the pockets of such cretin and illicit money stuffed therein is all but guaranteed to be discovered.

Government really works, but not the way one would imagine or expect.

philipat's picture

1. How is it legal for the US to place sanctions extra-territorially (On German Companies trading with Russia outside the US to supply Europe with gas)?

2. How is it Constitutional for the Legislative Branch to place such limitations on the prerogatives of the Executive Branch of Government?

Just trivial matters........

quadraspleen's picture

1. It's not.
2. It's not.

Hope that helps!

blueyefinity@yahoo.com's picture

I hope Trump will flip-flop and not sign the bill.

He needs to ged rid of the shackles of GOP. 

And the RINOs need a good kick in the teeth.

John McCancer Blasts Rand Paul for Blocking Annual Defense Bill Vote

http://dailywesterner.com/news/john-mccancer-blasts-rand-paul-for-blocki...


solidtare's picture

Trump signs this, he owns it.

Trump vetoes it and gives articulate reasons then his base ( and more ) will support the decision.

Trumps signs it because he has a clever scheme to kill 12 birds with one stone, well, good luck with that.

If his veto is overridden, then the clowns own the resulting financial crash, which 'conspiracy' theorists claim that the "deep state" wants to blame on Trump.

"Everyone" talks about conspiracy theories, well, right now, in real time, you are watching a bunch of clowns crash the global economy.

http://www.investopedia.com/terms/s/smoot-hawley-tariff-act.asp

'Smoot-Hawley Tariff Act'

In a sign of disapproval towards this act, other countries retaliated and also increased their tariffs. As a result, banks in foreign countries began to fail and international trade declined drastically, resulting in a world trade decline of 66% between 1929 and 1934.

Questions:

  • Why do we ( the people ) need to wait for GS to interpret this bill, ( or ZH for that matter ) isn't this MSM's job
  • Why has no poll of the opinion of the American public about sanctions been released
  • What happened to the US business opposition to sanctions
  • How much has the endless US sanctions slowed down global trade and been recessionary
  • will these sanctions be deflationary
  • will EU capitulate:
    https://sputniknews.com/politics/201707261055896764-us-sanctions-text-ru...
    The text of the new US bill on anti-Russia sanctions has been "significantly improved" compared to its earlier version, which was presented in June, something which can be attributed to consultations carried out by the European Commission and the German government, German Foreign Ministry spokesman Martin Schaefer said on Wednesday.
  • will EU defy and maybe cancel all Russian sanctions
  • Is this another chapter in:
    The March of Folly

    https://en.wikipedia.org/wiki/The_March_of_Folly
    The book is about "one of the most compelling paradoxes of history: the pursuit by governments of policies contrary to their own interests."[1] It details four major instances of government folly in human history: the Trojans' decision to move the Greek horse into their city, the failure of the Renaissance popes to address the factors that would lead to the Protestant Reformation in the early sixteenth century, England's policies relating to American colonies under King George III, and the United States' mishandling of the conflict in Vietnam.[

Note that the Russia -> Ukraine gas pipeline contract ends in 2019.

P.S. Looks as if congress is in recess from July 31 through September 4:

https://www.senate.gov/legislative/2017_schedule.htm

 

https://en.wikipedia.org/wiki/Pocket_veto

A pocket veto occurs when a bill fails to become law because the president does not sign the bill and cannot return the bill to Congress within a 10-day period because Congress is not in session. Article 1, Section 7 of the U.S. Constitution states:

If any Bill shall not be returned by the President within ten days (Sundays excepted) after it shall have been presented to him, the same shall be a Law, in like manner as if he had signed it, unless the Congress by their Adjournment prevent its return, in which case it shall not be a Law.

The Constitution limits the president's period for decision on whether to sign or return any legislation to ten days (not including Sundays) while the United States Congress is in session. A return veto happens when the president sends a bill, along with his objections, back to the house of Congress from which it originated. Congress can override the veto by a two-thirds vote of both chambers, whereupon the bill becomes law. If Congress prevents the bill's return by being adjourned during the 10-day period, and the president does not sign the bill, a "pocket veto" occurs and the bill does not become law. Congress can adjourn and designate an agent to receive veto messages and other communications so that a pocket veto cannot happen, an action Congresses have routinely taken for decades. If a bill is pocket vetoed while Congress is out of session, the only way for Congress to circumvent the pocket veto is to reintroduce the legislation as a new bill, pass it through both chambers, and present it to the President again for signature.

wesson's picture

and 

3. Best way to show the entire world that USofA don't want partners but subjects

MagicHandPuppet's picture

The news here is that he still has not signed the bill.

Perhaps he has the congress critters believing what he wants to get to the next step with them regarding another matter. Just speculation, of course.  But, there is still time for him to back out.

If he does indeed sign the bill, it will be a Yuuuuuge mistake.

how_this_stuff_works's picture

Been a long while since civics classes, but can't the president allow a bill to become law and not sign it?

The bill was passed by both houses of Congress overwhelmingly. Trump doesn't HAVE to sign it for it to become law. That way, he'll be able to distance himself from any, uh, unfortunate results and lay them at the feet of our "other" elected representatives. This could be a brilliant move to blame Congress.

Iskiab's picture

US does that a lot. They do it by putting restrictions on any company that does business in the US. So if a business is in the US they have to conform internationally to the wishes of US congress or face fines in their US subsidiaries.

I think things are going to devolve into an international trade war. The US is overreaching, and we've recently seen big fines on alphabet, the Japanese slapping tariffs on US beef and now this. The G8 summits haven't gone well either, there's a lot of tension.

In a trade war no one wins, that's why there are trade agreements.

I don't know why Trump would sign this, especially since it's written to reduce his powers. He probably has a back room deal where if he signs he'll get votes on obamacare, but I'd play the card that congress reelections are before the presidential election, and get the republican house in order. He was elected and his own party is in revolt, make a stink about how they're voting.

Giant Meteor's picture

Interesting perhaps, and without fail, leaving little doubt, in matters great and small, that deep state calls the ball. Frankly I'm not at all surprised with this latest reminder of who exactly, is in charge, and as to the latest game, which unravels faster than snow melting in July ..

As I have mentioned previously, let all doubt be removed, let all "hope" be put asunder, and behold, making America Great Again simply one more, in a long line of cheap, meaningless, marketing slogans, devoid of actual meaning ..

There are no political saints, nor Santa Claus, and if there is, his real name is Klausemheimer, and he is not here to give, but is here to TAKE ..

Is it safe!?

Ow

Is it safe!?

Manthong's picture

“a bill allowing him to initiate a nuclear first strike on Russia.”

Don’t poo-poo this concept.

It could be fun.. to call their insanity out.

I mean, geez… Putin is patient and smart enough to know how the idiocracy here works today and Trump could always call him and explain “After this idiotard vote, I will have more flexibility”. “ Not to worry Vlad, we all want a better life.”.

Call the Democrats out… expose them for the rigid libtards cultural Marxists they are… and drive them into the ground.

Yeah… Democrat pussies… not even willing to nuke Pyongyang, less Moscow.

07564111's picture

I told you before,,you and your country are fucked.

Slack Jack's picture

I guess; The Orange Jew will do whatever the Jews tell him to do.

new game's picture

Captian Trump is running the Titanic at full speed ahead. 

heard said; "General could you take the helm? I need to reitre to my room for some chocolate cake and shut eye".

The general salutes and nods.

"Thank you, and stay the coarse, cause we are on a really great ship, the best. and yeah the best, just really great..."

Jubal Early's picture

"Trump is no different from Obama, Bush and Clinton."

Trump is the third head of the very same zionist snake.  The other two heads are attacking him, but the fight is over control of the snake, its not about anything as silly as "voters" or "taxpayers".

Implied Violins's picture

Now I know why they've been fattening up Americans...

Slack Jack's picture

I wrote this yesterday:

The Orange Jew actually wants to enact sanctions against Russia.

However, he wants to do this while still pretending to represent those that voted for him.

That is why the House voted 418 to 2 for sanctions.

That is why the press screams that the sanctions deal is veto-proof.

All to give him a plausible excuse to sign the bill, to do what he wants, but not what his support base wants.

As many Trump supporters now suspect, Trump has actually been their enemy from the beginning.

If the Orange Jew is the real deal then he will veto this sanctions legislation.

But, Trump is not the real deal. So, he will sign it into law.

Trump is no different from Obama, Bush and Clinton.

pods's picture

Orange Jesus showing his true stripes. WTG. What a fucking joo licker. 

pods

JuliaS's picture

Got to stop viewing these people as presidents. They hold zero power. Their only position is to obscure the real unelected owners of this country.

Trump - what is he? He's just some old guy. Nothing more. Just some old guy.

Lore's picture

This "Russians" garbage is your humiliation.  YOU ARE AN INTERNATIONAL LAUGHINGSTOCK. 

Next will come the usual call to go out and solve your problems by killing more thousands of people in another country.  And your stupid, cud-chewing electorate will line up eagerly.

That's all the American people are: grazing, fat, decadent, corrupt, stupid sheep, entirely deserving of the hell that your psychopaths have spent decades preparing for you, right under your noses.

Implied Violins's picture

I think all of this has been planned from the beginning. I mean, what better way to destroy a country than to get its OWN PEOPLE to beg its government to be removed?

The elites need to destroy America in order to build their One World Order. We are a priority because there are lots of learned people like us who can figure out what is really going on.

Yes there are a lot of brainwashed corpulent sheep, but people like us are the REAL threats. Keep posting man, for as long as we are able...because knowledge will turn this tide much faster than any bullets ever could.

Lore's picture

Fair point, but what's tricky at this point is choosing what to say and what NOT to say.  Much of what lies ahead can be anticipated, but 1) we don't want to let on how far down the rabbit hole we've gone, with all that entails, and 2) due to the perversion of the judicial system and law enforcement, one might inadvertantly talk oneself into a jail cell. 

Giant Meteor's picture

Well, you do have a few points in there , although alien blood funnels have sucked out many brains, not to mention mass brain washing, scrubbing, accomplished through years of public education and various other deep state propaganda methods and measures ..

Reality tv, fried peanut butter sandwhichs, grease on a stick, mass beer and entertainments consumption, hillbilly heroin and midget porn hasn't helped matters much ..

apologies humanity, we're just gonna have to blow up the world now ...

new game's picture

as i seriously consider escaping the insane asylum and matrix- a - z,

i also consider air, food and water. safe food, safe air and safe water. just sayin...

Dancing Disraeli's picture

This pos legislation is unconstitutional and will clip the POTUS's wings if enacted.

OTOH, Trump hasn't signed it yet.  What if he's lulling Congress into thinking they can take their recess so he can pocket veto this pos?

dirty fingernails's picture

Unfortunately a veto will only delay the result. I think a signing statement that exempts him is the solutuon.

Truther's picture

Nah... i think Ivanka didn't get the jolly ride she wanted with Putin. 

justa minute's picture

probably listening to all those false prophets who laid hands on him at his inauguration telling him that russia is gog ready to invade israel whe the actual invasion was in 1948. just look at their flag, 666 the mark of the beast is on it, the star of remphan. gog is fake israel. interpreting the Bible according to the flesh leads to disaster.

BarkingCat's picture

Actually, the joowish are deep inside his daughter.

dirty fingernails's picture

I can't exactly fault them for that

Implied Violins's picture

I don't think it's much more than three inches, personally. Or so I've heard.

kliguy38's picture

just when i thot he wasn't a douche........watta neocon shill

Cassandra.Hermes's picture

He is not in position to fight the Senate, he lost the battle, so Russia is getting punish because of him. He is doing exactly what he was blaming Hillary.

BarkingCat's picture

Bull dyke shit!!!

By signing it, he gives it his approval.

It means that he does not oppose it.

 

#weak

how_this_stuff_works's picture

"By signing it, he gives it his approval."

And by vetoing it he will look at though he is supporting Russia. I gotta admit, Congress has played him on this.

Watch Trump allow this to pass into law without signing it or pocket veto it if Congress goes into recess before the 10 days is up.

"Pocket Veto. If any Bill shall not be returned by the President within ten Days (Sundays excepted) after it shall have been presented to him, the Same shall be a Law, in like Manner as if he had signed it, unless the Congress by their Adjournment prevent its Return, in which Case it shall not be a Law."

geno-econ's picture

Trump aligning with Neocons and MIC to Make America Great Again----just like Hitler did with Germany in 1930's.  Russian Sanctions Bill just another Smoot Hawley Bill ---a step towards protectionism and restricting normal world trade for political reasons.  This may be the spark that unravels a fragile and unsustainable debt system where confidence is undermined and replaced with polarization of narrow interests.