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This bill would sanction Russian institutions with ties to the Kremlin in response to Russia’s occupation of Ukraine. If the president finds that Russia is violating the Minsk Agreement — which was supposed to have led to a ceasefire in the Donbass region of Ukraine — then this bill would compel him to impose sanctions against at least three of the seven financial institutions named in this bill.

The following are named as targets of possible sanctions if the president finds continued violations of the Minsk Agreement:

Vnesheconombank
Sberbank
VTB Bank
Gazprombank
Bank of Moscow
Rosselkhozbank
Promsvyazbank.

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Should Russian Companies be Sanctioned as Punishment for Russia’s Occupation of Ukraine?