US Senate to discuss more anti-Russian sanctions

RUSSIA / FSU POLITICS - In Brief 15 Feb 2019 by Alex Teddy
On Wednesday the US Senate met to discuss a new round of sanctions under DASKAA (Defending American Security from Kremlin Aggression Act). DASKAA was passed least year but a new enhanced version might be introduced. The sovereign debt aspect of it is probably going to be the most impactful part of it. The US is looking for a means to ramp up sanctions against Russia beyond CATSAA. Limiting issuances of sovereign debt is an obvious way of doing this. This will not have much of a negative consequence for the US or her allies on global markets. That is different from sanctions on the aluminum company En+ because that hurt the US and her allies. The legislation might contain provisions concerning certain Russian banks. If there are such sanctions and they follow the model that the US is using against Iran this could have a severe impact on Sberbank and VTB. They would be excluded from access to the US financial system. Contrariwise, the US might opt for more modest sanctions such as banning these banks from selling assets in the US. Sanctions on LNG investments outside of Russia is the major change that has been proposed. Russia does not have such investments at the moment but Rosneft is trying to obtain them in Mozambique and Egypt. The whole sanctions issue is likely to come to a head in the next few weeks. This is especially so because Mueller is rumored to be about to conclude his probe. The ostensible reasons for sanctions are twofold. Alleged meddling in elections and alleged support for rebels in Ukraine. The cyber sector, state owned banks, shipbuilding, FSB officers, the energy sector and individuals said to have helped Putin further his agenda are all targeted. T...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.