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FEDERALhearing transcript
High Impact

Senate Hearing on U.S. Sanctions Against Russia

Original title: ASSESSING U.S. SANCTIONS ON RUSSIA: NEXT STEPS

January 1, 2017

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The Frame

What this does

This hearing examines the current legal and economic framework governing U.S. sanctions on Russia, which currently restrict financial transactions, asset access, and technology exports for over 520 individuals and entities.

Who is mentioned in the record

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

Russian financial, energy, and defense firms

These firms face restrictions on debt maturities and technology imports.

Designated individuals and entities

These parties are subject to asset freezes, transaction prohibitions, and visa denials.

What changed

Last recorded activity January 1, 2017.

What's next

Next step not available in the current record.

Summary

The Senate Committee on Banking, Housing, and Urban Affairs held a hearing on March 15, 2017, to evaluate the effectiveness of existing economic sanctions against Russia. The committee reviewed the impact of sanctions related to Russia's actions in Ukraine, Syria, and cyber activities, and discussed potential future policy adjustments.

Key Facts

  • The U.S. Department of Treasury has designated over 520 individuals and entities for sanctions.
  • Sanctions include asset freezes, transaction prohibitions, and visa denials for designated parties.
  • Current sanctions restrict debt maturities (1-3 months) for Russian firms in the financial, energy, and defense sectors.
  • U.S. entities are prohibited from exporting oil-related technology for deep water, Arctic, or shale projects in Russian-claimed maritime areas.
  • Sanctions authority is derived from four 2014 Executive Orders and the 2014 Ukraine Freedom Support Act.
  • The hearing was held on March 15, 2017, in the Dirksen Senate Office Building.

Frequently Asked Questions

What do the current sanctions against Russia actually do?
They freeze assets of individuals and entities, prohibit transactions with U.S. persons, deny visas, restrict debt maturity periods for specific Russian sectors, and ban the export of certain oil-related technologies.
Who is responsible for enforcing these sanctions?
The U.S. Department of Treasury is responsible for identifying and designating individuals and entities subject to these sanctions.

Why It Matters

This hearing examines the current legal and economic framework governing U.S. sanctions on Russia, which currently restrict financial transactions, asset access, and technology exports for over 520 individuals and entities.

News Coverage

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Sponsors

Discoveries

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

policy shift90% confidence

Sanctions Evolution

The hearing highlights a transition from sanctions focused on territorial annexation (Ukraine) to those addressing cyber-enabled information warfare.

Connected Entities

personRodney D. LudemaWitness, Associate Professor at Georgetown UniversityMap →
personElizabeth RosenbergWitness, Senior Fellow at Center for a New American SecurityMap →
organizationU.S. Department of TreasuryResponsible for designating sanctioned individuals and entitiesMap →
personEric B. LorberWitness, Senior Advisor at Foundation for Defense of DemocraciesMap →
personMike CrapoChairman of the Senate Committee on Banking, Housing, and Urban AffairsMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy60
    Intensity of disagreement among stakeholders
  • Entertainment20
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

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