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June 16, 2017

U.S. Senate Passes Iran, Russia Sanctions Bill

Yesterday, the U.S. Senate overwhelmingly passed a bipartisan bill that would impose new sanctions on Iran and Russia.  With respect to Iran, the bill authorizes additional sanctions related to the country’s ballistic missile program and human rights violations, as well as sanctions related to the sale or transfer of certain military equipment to Iran.  With respect to Russia, the bill authorizes sanctions related to a number of areas (including Russia’s apparent involvement in the 2016 U.S. presidential election).  In addition to new sanctions on Russia’s railway, shipping, and metals and mining sectors, the bill directs OFAC to expand other sectoral sanctions imposed on Russia, particularly those involving Directives 1 (financial services sector), 2 (energy sector), and 4 (energy sector) under the Ukraine-/Russia-related sanctions program.  The bill also authorizes the imposition of other Russia-related sanctions involving, among other areas, cybersecurity, crude oil, pipelines, financial institutions, Russia’s defense and intelligence sectors, and the transfer of arms and related materiel to Syria.  The bill is now headed to the U.S. House of Representatives for a vote.