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HR4346FEDERAL

High Impact

The PEACE Act of 2025

Original title: PEACE Act of 2025

July 10, 2025

foreign policy sanctions Russia-Ukraine conflict banking energy sector

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The Frame

What this does

This bill would create new financial penalties for foreign banks that do business with specific Russian energy and sanctioned entities, potentially limiting their access to the U.S. financial system.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Foreign financial institutions

These institutions face potential loss of access to U.S. financial accounts if they provide services to specific Russian entities.

Gazprom, Rosneft, and Lukoil

The Treasury is required to determine if these companies should be classified as entities subject to the new financial restrictions.

What changed

Last recorded activity July 10, 2025.

What's next

Introduced.

Summary

The PEACE Act of 2025 would require the U.S. Treasury to restrict or ban foreign banks from using U.S. accounts if they provide significant financial services to entities linked to the Russian energy sector or other sanctioned Russian interests. The bill also mandates a federal investigation into whether major Russian energy companies like Gazprom, Rosneft, and Lukoil should be subject to these financial restrictions.

Key Facts

The Secretary of the Treasury must prescribe regulations within 180 days to restrict or prohibit U.S. correspondent or payable-through accounts for foreign banks that knowingly support sanctioned Russian entities or the Russian energy sector.
The Secretary of the Treasury must report to Congress within 90 days on whether Gazprom, Rosneft, and Lukoil meet the criteria for sanctions under this Act.
Civil penalties for violations are set at the greater of $377,700 or twice the amount of the transaction involved.
Criminal penalties for willful violations include fines up to $1,000,000 and/or up to 20 years in prison.
The President may issue 180-day waivers if they determine it advances national emergency objectives or the national interest.
The Act terminates either 30 days after the President reports that Russia has ceased destabilizing activities in Ukraine, or 5 years after enactment, whichever is earlier.

Frequently Asked Questions

What happens to foreign banks that continue to work with Russian energy companies?

They could be prohibited from opening or maintaining correspondent or s in the United States.

Can the President stop these sanctions?

The President can issue waivers for up to 180 days if they report to Congress that the waiver serves the national interest or helps resolve the national emergency.

How long will this law be in effect?

It expires after 5 years, or 30 days after the President reports that Russia has stopped destabilizing activities in Ukraine.

Why It Matters

This bill would create new financial penalties for foreign banks that do business with specific Russian energy and sanctioned entities, potentially limiting their access to the U.S. financial system.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Targeting Energy Sector Financials

The bill explicitly targets the financial infrastructure supporting the Russian energy sector, moving beyond general sanctions to specific banking restrictions.

Gazprom Rosneft Lukoil

Connected Entities

personMr. Gottheimer“Co-sponsor of the bill.”Map →

organizationGazprom“Russian energy company subject to a required determination under the bill.”Map →

personMr. Nunn“Representative from Iowa who introduced the bill.”Map →

organizationDepartment of the Treasury“Responsible for prescribing regulations and reporting on Russian energy entities”Map →

organizationRosneft“Russian energy company subject to a required determination under the bill.”Map →

organizationLukoil“Russian energy company subject to a required determination under the bill.”Map →

Analysis Score

0–100

Significance85
How much this matters to a regular citizen
Controversy75
Intensity of disagreement among stakeholders
Entertainment40
Compellingness for a non-policy-wonk reader
Buzz60
Current news / social attention level

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