Durbin Statement On Senate Passage Of Legislation To Further Sanction Russia And Hold Purchasers Of Its Oil Accountable

Durbin Statement On Senate Passage Of Legislation To Further Sanction Russia And Hold Purchasers Of Its Oil Accountable

WASHINGTON - U.S. Senate Democratic Whip Dick Durbin (D-IL), Co-Chair of the Senate Ukraine Caucus, released the following statement after the Senate passed legislation that will add sanctions on key Russian individuals and industries as well as hold major purchasers of Russian oil and gas accountable for supporting Russia's war in Ukraine. Durbin was an original cosponsor of the legislation.

"This bipartisan bill that Senator Lindsey Graham worked so tirelessly to advance couldn't be better timed. Momentum in the war has shifted toward Ukraine and tightening sanctions on Russia and those key purchasers of Russian oil should help add pressure for the Kremlin to finally negotiate. I am pleased to have helped co-lead this timely legislation and encourage the House to take it up immediately when they return from their August recess."

The legislation will impose primary and secondary sanctions against Russia and actors supporting Russia's war in Ukraine. The sanctions target Russian officials, oligarchs, their family members, foreign persons, and Russian banks and financial institutions, as well as the Russian Shadow Fleet. The legislation also provides for penalties against top purchasers of Russian energy, proceeds from which help fund its war against Ukraine.

-30-