New sanctions proposed for Russia

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The U.S. Senate unveiled a bipartisan agreement Monday that would strengthen sanctions against Russia and require congressional review should President Trump attempt to intervene.

When announcing the agreement, Sens. Mike Crapo (R-Idaho), Sherrod Brown (D-Ohio), Bob Corker (R-Tenn.) and Ben Cardin (D-Md.) said it would impose new sanctions against Russia for interfering in the 2016 U.S. presidential election and for its territorial dispute in Crimea.

The senators are proposing sanctions against Russia’s mining, metals and shipping industries which would be coupled with a separate bill imposing expanded penalties against Iran. A vote could be held on the legislation as early as this week.

The senators have also called for a study on “the flow of illicit financing involving Russia” and how Russia’s state-owned assets influence the United States.

“These additional sanctions will … send a powerful and bipartisan statement to Russia and any other country who might try to interfere in our elections that they will be punished,” Senate Democratic Leader Chuck Schumer said in a statement.

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