October 03, 2014

Trade groups mount quiet campaign to weaken Senate sanctions bill on Russia

By Elizabeth Rosenberg

Source: The Hill

Journalist(s) Kevin Cirilli

Trade groups representing some of the nation's biggest financial services and energy firms are using the recess to urge lawmakers and their staff to soften Russian sanctions legislation.

The groups, including the U.S.-Russia Business Council and the National Foreign Trade Council, are meeting with lawmakers and staff in an effort to prevent the bill from moving forward.

The bill would impose sanctions on the Russian arms exporter Rosoboronexport as well as Gazprom and other energy firms. It would also authorize restrictions on Russian banks from doing business with the U.S. banking system while codifying the administration's current sanctions.

Read the full article in The Hill.

  • Elizabeth Rosenberg

    Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a Senior Fellow and Director of the Energy, Economics and Security Program at the Center for a New American Security. In this capacity, she publishes an...