US Bans Government Contracts with Russia-Linked Businesses
A new law prohibits US government agencies from entering into contracts for goods or services with companies that have business operations with the Russian government or its fossil fuel sector. This aims to pressure Russia, although exceptions are made for critical needs like humanitarian aid or national security.
Key points
US government agencies are prohibited from signing new contracts with companies linked to the Russian government or its fossil fuel industry.
Exceptions include contracts for humanitarian assistance, national security, or with companies holding special licenses.
The ban will end when the US President certifies that Russia has withdrawn forces from Ukraine and met other conditions regarding peace and Ukraine's sovereignty.
Status:
Expired
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