Sen. John Kennedy, R-La., announced Sept. 17 that he plans to introduce bipartisan legislation to seize about $300 billion in frozen Russian assets and make the funds available to Ukraine to better equip its military.
House Financial Services Committee Chairman Rep. French Hill, R-Ark., urged Congress Sept. 15 to pass two pending Russia sanctions bills to pressure Moscow to end its war against Ukraine.
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The Bureau of Industry and Security has removed certain export restrictions from aircraft belonging to Belavia, the state-owned flagship carrier of Belarus, as part of sanctions relief that the Trump administration has offered to the country in recent days.
The Council of the European Union on Sept. 12 extended its individual sanctions, imposed in response to Russia's invasion of Ukraine, for another six months, pushing them to March 15. The restrictions cover over 2,500 individuals and entities that were targeted "in response to Russia’s ongoing unjustified and unprovoked military aggression against Ukraine." The council also decided not to renew the listings for one individual and to remove one "deceased person" from the restrictions.
President Donald Trump is getting closer to ramping up financial sanctions pressure against Russia for its failure to agree to a peace deal with Ukraine, said Keith Kellogg, the president’s special envoy for Ukraine.
President Donald Trump posted over the weekend that he's prepared to levy new sanctions against Moscow if U.S. allies stop purchasing Russian oil and potentially put in place other sanctions against the country.
Japan last week introduced new sanctions and export bans on entities supporting Russia's war against Ukraine and lowered its price cap on Russian oil following a similar move by the EU and other nations (see 2507180017).
The four lawmakers who lead the U.S. Helsinki Commission, also known as the Commission on Security and Cooperation in Europe, urged the Trump administration last week to sanction additional Russian officials and private citizens involved in corruption or human rights abuses.
The U.K. on Sept. 12 added three people and 27 entities to its Russia sanctions list as part of the Foreign, Commonwealth & Development Office's recent announcement of 100 new sanctions targeting Russia's "shadow fleet" -- which carries Russian oil -- along with "key suppliers of military components."