Imposition of a Second Round of Sanctions on Russia under the Chemical and Biological Weapons Control and Warfare Elimination Act (August 2)
Today, pursuant to the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act), the United States is announcing a second round of sanctions on Russia for its use of a “novichok” nerve agent in an attempt to assassinate Sergei Skripal and his daughter Yulia Skripal in the United Kingdom on March 4, 2018. This act endangered thousands of lives in Salisbury and Amesbury, and caused the hospitalization of the Skripals, a British police officer, and two civilians, one of whom subsequently died from her exposure.
This second round will include:
- U.S. opposition to the extension of any loan or financial or technical assistance to Russia by international financial institutions, such as the World Bank or International Monetary Fund;
- A prohibition on U.S. banks from participating in the primary market for non-ruble denominated Russian sovereign debt and lending non-ruble denominated funds to the Russian government; and
- The addition of export licensing restrictions on Department of Commerce-controlled goods and technology.
As with the first round of sanctions, these measures will take effect following a 15-day Congressional notification period and thereafter remain in place for a minimum of 12 months.