Trump plans to sign the bill on anti-Russian sanctions



President trump will sign a bill to strengthen sanctions against Russia, Iran and North Korea, the White house said on Friday.

“President Donald trump has read the original versions of the bill and discussed its critical elements. Now he became acquainted with the final version and, based on the fact that his remarks were taken into account, endorses the bill and intends to sign it”, — stated in the press service of the White house statement.

The U.S. Senate on Thursday passed the law on sanctions against Russia, Iran and North Korea. Earlier this week the house of representatives of the United States Congress adopted by an overwhelming majority.

In relation to the economy of the Russian Federation the bill expanding the number of sectoral sanctions. In particular, it reduces the maximum term of financing of Russian banks under US sanctions, up to 14 days, oil and gas companies, up to 60 days (now 30 days and 90 days, respectively).

In addition, the adjusted round deep water and Arctic offshore projects and oil and gas projects with hard to recover reserves that are not allowed to supply equipment and technology. If earlier it was all such projects on the territory of the Russian Federation with the participation of sanctioned physical and legal persons, the sanctions now apply only to new projects but without georeferencing. Under the restrictions includes all new projects, in which Russian sanctioned companies owns 33% or more.

The bill also suggests that the US President can impose sanctions on persons intending to invest in the construction of Russian export pipelines over $ 5 million a year or $ 1 million lump sum, or provide the projects, services, technology, to provide information support. In this document it is indicated that the United States will continue to oppose construction of the pipeline “Nord stream-2”.

The Kremlin said that extremely negative about the bill, and the EU called it “unilateral actions of Washington.”