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US House approves anti-Russian sanctions

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US House approves anti-Russian sanctions


28.07.2017

The Presidential Administration of Russia
The US House of Representatives approved a new round of sanctions, TASS reports. The document was approved by all but three senators.

Now there’s only one step left – Donald Trump has to sign it. The US President’s administration has already mentioned that Donald Trump is open to sign the legislation. He may decide to veto the sanctions, but then the bill is expected to garner enough support in from democratic and republican parties to override his veto and pass it into law.

In Russia this action was called yet another great obstacle to normalize Russian-American relations. The measures could affect European partners of US, as well. Some US business representatives, and also Paris, Vienna and Berlin have already opposed the sanctions.

Let us remember the law imposes a reduction on holding short-term debt by sanctioned Russian financial institutions from 30 to just 14 days. For oil and defense sectors that term is reduced from 90 to 30 days. European companies that want to participate in Northern Stream 2 project are going to experience very serious penalties on US market.

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