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US Senate Urges Removal of Russian Banks from Global Financial Messaging Services

This US Senate resolution urges the President to immediately remove all Russian financial institutions from critical global financial messaging services. This aims to increase pressure on Russia due to the war in Ukraine, potentially impacting international financial market stability and hindering Russia's economic operations.
Key points
The US Senate urges the President to remove all Russian financial institutions from global financial messaging systems.
Specific Russian banks, such as Sberbank, VTB, and Gazprombank, are listed for these actions.
The resolution emphasizes working with allies for multilateral implementation of these sanctions, which could affect global trade and financial relations.
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Expired
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Additional Information
Print number: 117_SRES_548
Sponsor: Sen. Blackburn, Marsha [R-TN]
Process start date: 2022-03-16
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A resolution expressing the sense of the Senate on ending the access of Russian financial institutions to specialized financial messaging services.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_SRES_548.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-16.

What are the main provisions?

Key points include:

  • The US Senate urges the President to remove all Russian financial institutions from global financial messaging systems.
  • Specific Russian banks, such as Sberbank, VTB, and Gazprombank, are listed for these actions.
  • The resolution emphasizes working with allies for multilateral implementation of these sanctions, which could affect global trade and financial relations.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Blackburn, Marsha [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Security