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Sanctions for China's financing of Russia's war in Ukraine.

This act introduces new sanctions against entities that facilitate the shipment of petroleum or liquefied natural gas from Russia to China. The goal is to limit the financing of Russia's war in Ukraine. Sanctions will be lifted once Russia withdraws its forces from Ukraine.
Key points
New sanctions target companies insuring or registering vessels transporting oil or gas from Russia to China.
The sanctions aim to weaken Russia's ability to finance its war efforts.
These provisions may impact global energy supply chains, though the direct impact on US citizens is indirect.
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Additional Information
Print number: 117_S_4620
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2022-07-26