The U.S. Senate approved a bill to expand sanctions against Russia

Now will consider the bill in the house of representatives and if approved it will go to the President for signature.

The U.S. Senate overwhelmingly approved a bill to expand sanctions against Russia.

Now will consider the bill in the house of representatives, after which, if it is approved, the document will be sent to the President for signature.

The document suggested a reduction of the maximum term of market financing of Russian banks and 14 days, and companies in the oil and gas sector – up to 30 days.

In addition, within 180 days after the introduction of the amendments, the head of the U.S. Treasury must submit to Congress a report on the possible consequences of the proliferation of sanctions on the sovereign debt of Russia.

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