This bill does a lot of things to reaffirm the U.S.’s position that Russia should end its occupation of parts of Ukraine, notably, Crimea. First, it requires that federal agencies don’t recognize Crimea as a part of Russia. The Government Publishing Office (GPO) would be required to not print any documents that acknowledge Crimea as part of Russia.
The bill extends the current sanctions against Russian officials that are contributing to the Ukraine crisis until either Russia gives Ukraine back its territory, or the two countries reach an agreement to permanently settle the dispute.
It also extends an Executive Order which allows the U.S. to seize any property, financial or otherwise, belonging to Russians who are contributing to the Ukraine crisis or people helping those contributors, assuming that property is brought into the U.S. For example, if someone takes money from a Russian military official in Crimea and puts it in a U.S. bank, the bill would require that the account be frozen.
The President is also directed to use America’s international influence to pressure countries in the North Atlantic Treaty Organization (NATO) into ending any agreements they have to sell Russia weapons or military equipment. The relevant federal agencies would then monitor which NATO member countries, if any, still have arms deals with Russia.
The bill also contains a few miscellaneous provisions, including:
Requiring that international U.S. radio broadcasts to Crimea be in the region’s native language;
Requiring the Dept. of State to try to increase private investment in Ukraine; and
Adding Russians who have committed human rights violations in Ukraine to an existing list of people who are blocked from accessing U.S. financial markets.