U.S. senators introduced a bill on Wednesday that would impose stiff new sanctions on Russia over suspected meddling in U.S. elections and aggression against Ukraine.
Targets of the sanctions would include: Russian banks that support efforts to interfere in foreign elections; the country's cyber sector; new sovereign debt; and individuals deemed to "facilitate illicit and corrupt activities, directly or indirectly, on behalf of” Russian President Vladimir Putin.
The bill would also impose several strict measures on Russia's oil and gas sector, which makes up about 40 percent of the Russian government's revenues. The measures include sanctioning people who provide goods, services or financing to support the development of crude oil in the country.
Russian state-owned energy projects outside of Russia including investments in liquefied natural gas projects would also face sanctions.
Here is how Russian lawmakers reacted to the news:
– Franz Klintsevich, deputy head of the Federation Council's Committee for Defense and Security:
“These sanctions have nothing to do with the incident in the Kerch Strait. This is an extension of the United States’ long anti-Russian policy, which I would compare with the bad habit of smoking a pipe before breakfast, poisoning everyone around you.”
– Oleg Morozov, member of the Federation Council’s Foreign Affairs Committee:
“Their motive is ridiculous since we’ve already been ‘punished’ for intervention and for Ukraine. Therefore, this has nothing to do with justifications [and] reasoning [for] new sanctions, but with the intention to impose them by all means.”
– Alexei Chepa, deputy head of the Duma Committee on International Affairs:
“This is an extension of the insane campaign led by the United States… Of course I’m unsure that these statements will be supported.”
– Anton Siluanov, Finance Minister:
"The United States is shooting itself in the foot [...] Russia has the necessary buffers in place to counteract the restrictions."
– Sergei Shvetsov, the Central Bank's first deputy governor:
– Konstantin Kosachev, the chairman of the Federation Council’s Committee on Foreign Affairs:
"Americans want to be exceptional at everything."
Reuters contributed reporting to this article.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
