Stand with UK against Russia Violations Act

To impose sanctions on certain persons responsible for the March 12, 2018, attack on Sergei and Yulia Skripal, and for other purposes. 1. Short title This Act may be cited as the Stand with UK against Russia Violations Act 2. Findings Congress finds the following: (1) On March 4, 2018, Sergei V. Skripal, and his daughter, Yulia Skripal, were found unconscious on a park bench in Salisbury, England. (2) British Prime Minister Theresa May announced on March 12, 2018, that the poison used in the attack was Novichok, a military-grade nerve agent developed by Soviet scientists for use on North Atlantic Treaty Organization troops, and that Russia was responsible for the attack. (3) On March 15, 2018, the United Kingdom, France, and Germany issued a joint statement holding the Government of Russia responsible for the poisoning and characterizing the attack as an assault on UK sovereignty 3. Sense of Congress It is the sense of Congress that— (1) The attempts of the Government of Russia to commit murders on British soil are unconscionable and violate international law. (2) The United States stands in strong solidarity with the British government and its people as they respond to this violation. (3) Russian aggression must be met with strength and resolve, including through sanctions to deter future Russian attacks on dissidents, expatriates, and democratic activists. 4. Imposition of sanctions with respect to Russian persons responsible for March 12 attack (a) In general Not later than 60 days after the date of the enactment of this Act, the President shall impose the sanctions described in subsection (c) (1) knowingly engaged in, provided material support to, worked on behalf of, or acted as an agent or instrumentality of any person who perpetrated the attack against Sergei Skripal and Yulia Skripal on March 12, 2018; or (2) is an officer, employee, or agent of the Government of Russia and knowingly, on or after the date of the enactment of this Act, materially assisted, worked on behalf of, or acted as an agent or instrumentality of the Russian Government in the murder, attempted murder, or assault committed outside of Russia against any expatriate, dissident, or foreign national. (b) Concurrent report The President shall submit to Congress a report, concurrent with the imposition of any sanction under subsection (a), that lists each person determined to have engaged in the conduct resulting in such sanction. (c) Sanctions described The sanctions described in this paragraph are the sanctions described in section 224(b) of the Countering America’s Adversaries Through Sanctions Act ( 22 U.S.C. 9524(b) 5. Prohibition on transactions relating to new Russian sovereign debt (a) In general Not later than 90 days after the date of the imposition of a sanction pursuant to section 4(a)(2) (1) issue regulations prohibiting United States persons from engaging in transactions with, providing financing for, or in any other way dealing in Russian sovereign debt that is issued on or after the date that is 180 days after such date of imposition of sanctions; and (2) exercise all powers granted to the President by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 subsection (c) (b) Russian sovereign debt defined For purposes of this section, the term Russian sovereign debt (1) bonds issued by the Russian Central Bank, the Russian National Wealth Fund, the Russian Federal Treasury, or agents or affiliates of any such institution, with a maturity of more than 14 days; (2) new foreign exchange swap agreements with the Russian Central Bank, the Russian National Wealth Fund, or the Russian Federal Treasury, the duration of which agreement is longer than 14 days; and (3) any other financial instrument, the duration or maturity of which is more than 14 days, that— (A) the President determines represents the sovereign debt of Russia; or (B) is issued by a bank listed in subsection (c) (c) Russian financial institutions The financial institutions listed in this subsection are the following: (1) Sberbank. (2) VTB Bank. (3) Gazprombank. (4) Bank of Moscow. (5) Rosselkhozbank. (6) Promsvyazbank. (7) Vnesheconombank. (d) Requirement To promptly publish guidance The President shall concurrently publish guidance on the implementation of the regulations issued pursuant to subsection (a) 6. Implementation; penalties; termination (a) Implementation The President may exercise all authorities provided to the President under sections 203 and 205 of the International Emergency Economic Powers Act ( 50 U.S.C. 1702 (b) Penalties A person that violates, attempts to violate, conspires to violate, or causes a violation of section 4 or 5, or any regulation, license, or order issued to carry out such sections, shall be subject to the penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 (c) Termination (1) In general The President may terminate the application of a sanction under section 4 section 5(a)(2) section 4(a)(2) (2) Waiver The President may, on or after the date on which the President submits the determination described in paragraph (1) section 5(a)(1) 7. United States person defined In this Act, the term United States person (1) a United States citizen or an alien lawfully admitted for permanent residence to the United States; and (2) an entity organized under the laws of the United States or of any jurisdiction within the United States, including a foreign branch of such an entity.

Summary: Stand with UK against Russia Violations Act This bill directs the President to impose property-blocking or U.S. exclusion sanctions on any person who (1) knowingly assisted in the attack against Sergei Skripal and Yulia Skripal in England on March 4, 2018; or (2) is an officer, employee, or agent of the government of Russia and knowingly assisted in the murder, attempted murder, or assault committed outside of Russia against any expatriate, dissident, or foreign national. After the imposition of any such sanction, the President shall (1) issue regulations prohibiting U.S. persons and entities from dealing in certain Russian sovereign debt (bonds, foreign exchange swap agreements, and other financial instruments); and (2) block and prohibit all transactions in U.S.-sited or- controlled property and property interests of specified Russian financial institutions.