Senators Seek "Crushing" Sanctions For Russia In New Bill

In the latest effort to punish Moscow over alleged election meddling, as well its role in both Ukraine and Syria, a bipartisan bill has been introduced in the Senate Thursday that seeks to be so far reaching that it's being widely described as "crushing".

Predictably, it has as sponsors such Congressional hawks as Senators Bob Menendez, John McCain, and Lindsey Graham — the latter which announced the bill's goal is to "impose crushing sanctions and other measures against Putin’s Russia until he ceases and desists meddling in the U.S. electoral process, halts cyber-attacks on US infrastructure, removes Russia from Ukraine, and ceases efforts to create chaos in Syria," according a statement

Via Google News

According to lawmakers' statements, the Graham-Menendez bill introduces harsh new restrictions on sectors ranging from energy and oil projects to uranium imports and on sovereign debt transactions. And the new sanctions further target various Russian political figures and oligarchs. 

Bob Menendez (D) of New Jersey called the measure the "next step in tightening the screws on the Kremlin" so Putin understands "that the U.S. will not tolerate his behavior any longer."

Other supporters include Sens. Cory Gardner (R-Colo.), Ben Cardin (D-Md.), and Jeanne Shaheen (D-N.H.) among those previously mentioned. 

In a statement Sen. John McCain said, "Until Putin pays a serious price for his actions, these attacks on our democracy will only grow. This bill would build on the strongest sanctions ever imposed on the Putin regime for its assault on democratic institutions, violation of international treaties, and siege on open societies through cyberattacks and misinformation campaigns."

Notably, part of the legislation would require the State Department to make an assessment on whether Russia should be designated as a state sponsor of terrorism.

It might have trouble passing, however, as even though a broad spectrum of legislators have lately criticized President Trump for meeting Russian President Vladimir Putin in Helsinki last month and have charged Russia with seeking to interfere in US elections, there's concern that it could inadvertently impact markets beyond Russia's borders. It would further have to pass the House of Representatives before going to Trump's desk. 

According to Reuters:

The Banking and Foreign Relations Committees are planning hearings in advance of legislation coming to the floor. Some senators have expressed concern new sanctions might go too far or not succeed in getting Putin to change course.

The Treasury Department has warned Congress against legislation that would block transactions and financing for Russian sovereign debt in part because of the pain it would wreak across markets outside Russia’s borders.

The bill is considered the broadest and most far reaching of any Russia sanctions bill previously considered. Sen. Graham had recently described that it would include everything but "the kitchen sink." 

Meanwhile the ruble and Russian local bonds were shaken moments after the bipartisan legislation was announced Thursday: the ruble traded down by as much as 0.9 percent against the dollar, and bond yields jumped to the highest level since July last year.

Comments

hedgeless_horseman truthseeker47 Thu, 08/02/2018 - 15:12 Permalink

 

 impose crushing sanctions and other measures against Putin’s Russia until he ...blah blah blah... ceases efforts to create chaos in Syria

Israel sure does need those pipelines through Syria...

the Mediterranean strip, which will soon become the site of the natural gas energy boom on which Israel’s economy may become increasingly reliant in years to come.

https://www.zerohedge.com/news/2017-08-23/moar-pipeline-wars-jews-fear-…

In reply to by truthseeker47

vato poco JimmyJones Thu, 08/02/2018 - 15:48 Permalink

"graham-menendez bill" LOL

in which the pedo wing of the deep state tries to make the spotlight go over THERE, away from THEM

you can run, but you can't hide, boys. the truth is out and we're coming for you

 

PS - why the fuck isn't mccain dead yet? glioblastoma is supposed to be deadly as hell and twice as fast. how many more wetback kids will they kill to get more young blood for transfusions? hmmmmmm? JUST DIE ALREADY YOU FILTHY SCUMBUCKET

In reply to by JimmyJones

Dizzy Malscience topspinslicer Thu, 08/02/2018 - 16:06 Permalink

Does Russia need imported food?

Does Russia need imported energy?

Does Russia need imported building materials to house the population, to drive and fly them around

Does Russia need a robust defense to protect against an encircling and threatening US and NATO?   

Does Russia need US Reserve Bank currency?

I would think long and hard about poking the bear too much more.

In reply to by topspinslicer

Blankone Blackdawg7 Thu, 08/02/2018 - 20:52 Permalink

Not a Trump supporter, not a Putin supporter, not a Hillary supporter - just trying to call it as it appears.
I think the whole Russia did it thing is a distraction away from the real crimes that have been committed. Including the false flag of Vegas and others. And away from the Clinton's because that opens a whole can of worms as they are all dirty (and many pedophiles).

In reply to by Blackdawg7

Free This silverer Thu, 08/02/2018 - 15:31 Permalink

Crush 'em! They don't play straight ball, they deserve the bat over their heads!

It is a competition they want, then they will get it.

All you Russia lovers here, might want to know that Russia would just a soon see us fall, than to succeed. Two can play their games! It is a fact of life, who is going to stop first? All states do it to other states! I would like for it not to be that way, honestly.

I am now gonna sit back and enjoy reading all the insane rebuttals that have no meaning in the real world.

Should be some fun reading.

EDIT - What so y'all like Russian's meddling in our affairs but you hate US meddling in theirs??? Can't have it both ways. It's been going on for far too long on both sides! hell, China, Israel, etc are doing it too - HYPOCRITES!!!!!!!!!!!!!!

In reply to by silverer

vato poco GoHillary2016 Thu, 08/02/2018 - 16:53 Permalink

mighty bold talk from a bitter old drunk who appears in public rockin' a moo-moo made from a handy tablecloth. 

and why are you trying to hide your back brace/colostomy bag/ankle bracelet anyway, hilly? we already know you and bill are knocking on death's door: the pictures tell the story. whattsamattaU? no more trips to Lolita Island to take the edge off the stress? 

In reply to by GoHillary2016