The US Senate is moving toward votes on new sanctions aimed at Russia over the war in Ukraine, targeting officials, oligarchs, financial institutions and the Russian shadow fleet, according to CNBC.
Key facts
- The Senate is setting up votes to sanction Russia over the Ukraine war, according to CNBC.
- The sanctions target Russian officials, oligarchs and their family members.
- Foreign persons, Russian banks and financial institutions are also targeted.
- The measures target Russia's shadow fleet.
- The effort is reported by CNBC.
The US Senate is preparing to hold votes on sanctions targeting Russia over the war in Ukraine, according to CNBC.
CNBC reports that the sanctions would apply to Russian officials, oligarchs and their family members.
The measures also extend to foreign persons, along with Russian banks and financial institutions, according to CNBC.
The sanctions additionally target the Russian shadow fleet, CNBC reports.
Further details of the legislation, including its timing and prospects for passage, were not specified in the available reporting.
Why it matters
Sanctions legislation moving through the Senate could tighten economic pressure on Russia amid the war in Ukraine. The range of targets reported by CNBC spans individuals, banks and shipping.
Frequently asked questions
Who would the proposed sanctions target?
According to CNBC, the sanctions target Russian officials, oligarchs, their family members, foreign persons, Russian banks and financial institutions, and the Russian shadow fleet.
What is the Senate doing?
The Senate is setting up votes to sanction Russia over the Ukraine war, as reported by CNBC.
What is the Russian shadow fleet?
The sources identify the Russian shadow fleet as one of the sanction targets but do not provide a detailed definition.