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Sanctioning Russian and Belarusian Officials for Ukraine Invasion

This act imposes financial and visa sanctions on Russian and Belarusian officials who supported Russia's invasion of Ukraine. While not directly impacting US citizens, their financial institutions must adhere to new rules regarding transactions with Russia and Belarus. Funds from confiscated assets are designated for aid to Ukraine.
Key points
Freezing assets and denying US entry to Russian and Belarusian officials who supported the Ukraine invasion.
Potential confiscation of these individuals' assets in the US, with proceeds allocated for Ukraine's reconstruction, humanitarian aid, and refugee support.
US financial institutions must ensure their foreign entities also comply with sanctions against Russia and Belarus.
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Additional Information
Print number: 117_HR_7163
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Process start date: 2022-03-18