The House of Representatives of the US Congress has adopted a bill that provides financial assistance for Ukraine and imposes new sanctions against key sectors of the Russian economy, reports IPN.
The legislative initiative provides for the consolidation of American support by allocating over a billion dollars to Ukraine in the form of direct aid for security and reconstruction. At the same time, the project makes available another eight billion dollars for defense through loans. So far, the total assistance approved by Washington for Kiev since the beginning of the large-scale Russian invasion amounts to about 195 billion dollars.
At the same time, the bill aims to impose sanctions against key sectors of the Russian economy. This initiative gives the US President the prerogative to assess the evolution of Russian-Ukrainian relations in order to adopt restrictive measures, including sanctions against financial institutions and companies in the oil and mining sectors.
Additionally, the document stipulates asset and visa restrictions for Russian officials, along with an increase in customs duties for all Russian goods and services imported into the USA, which could reach up to 500% of their value.
After the vote in the House of Representatives, the bill is set to be forwarded for approval to the Senate – the upper house of Congress.
