Washington preparing sanctions on Russia's sovereign debt

Washington preparing sanctions on Russia's sovereign debt

The US plans to impose new sanctions on Russia, In early April, lawmakers in the US Congress introduced a bipartisan bill that would impose additional sanctions on Russia over the Skripal case.

The sanctions should be imposed not later than 60 days after the date of the enactment of the act, RIA Novosti reported.

The bill would allow to apply the Countering America's Adversaries Through Sanctions Act to any Russian citizen known to be involved in the alleged assassination attempt. It would also prohibit US citizens from any transactions relating to new Russian sovereign debt (issued 180 days after the bill is enacted).

The restrictions would apply to bonds and new foreign exchange swap agreements with a maturity of more than 14 days issued by the Russian Central Bank, the National Welfare Fund, the Russian Federal Treasury and any agents or affiliates of these institutions.

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