JRL NEWSWATCH: “Russia Sanctions Unlikely to Pass Congress Before November” – Bloomberg/ Arit John, Anna Edgerton, Natasha Doff (Sept. 27, 2018)

American Flag and Partial View of U.S. Capitol Dome, adapted from image at aoc.gov

“… Congress is unlikely to pass any new sanctions on Russia, including proposals that would affect its sovereign debt and energy projects, until after … November elections. The House is likely to go on recess … and not return until after Nov. 6 balloting, according to a Republican aide and a lawmaker. No bills on sanctions against Russia are scheduled for votes before then. The delay means more uncertainty for investors trying to assess the market impact of a multitude of measures under proposal in the U.S. as punishment for alleged election meddling. Foreigners unwilling to wait and see … have pulled more than $7.5 billion out of Russia’s sovereign debt market since April. … The Senate could take up sanctions before the elections but nothing would get sent to … Trump for approval until after House passage. …”

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