A bipartisan group of US Senators introduced a bill on January 11, 2017 – the Countering Russian Hostilities Act of 2017 – that would impose unprecedented sanctions on Russia and persons and entities conducting certain types of business involving Russia. This bill would codify into law most of the existing sanctions targeting Russia, making it harder (though not impossible) for the incoming Trump administration to reverse those sanctions through executive action. It would also impose broad new sanctions aimed at both US and non-US persons covering a broad list of activities involving the Russian oil/gas, technology, financial, defense/intelligence, construction, engineering, and civil nuclear sectors. For more information, please see our advisory.
