U.S. Sen. Mark R. Warner (D-VA) joined Senate Democratic colleagues in introducing a bill to impose steep costs in the event of a renewed Kremlin invasion of Ukraine.
This legislation to help deter a military escalation comes as the Kremlin continues to engage in an unjustified military build-up along Ukraine’s border. The proposal sends a clear message that the United States is prepared to impose devastating consequences for Putin and the Russian economy if he goes down the path of re-invading Ukraine.
“The bellicose actions and rhetoric that we have seen from Vladimir Putin in recent months represent the latest in a long string of offensive actions by the Russian President. Russia’s armed buildup around Ukraine – on top of their continued occupation of eastern Ukraine and Crimea – represents a serious threat not just to Ukraine, but to the broader peace and stability of Europe, and of the world,” said Sen. Warner.
“This bill reinforces the message that the Biden administration must be conveying to Russia in face-to-face meetings this week – that accelerated aggression towards Ukraine will only strengthen U.S. assistance for our Ukrainian partners, reinvigorate NATO’s collective defense posture, and bring about devastating consequences for the Russian economy.”
Specifically, the Defending Ukraine Sovereignty Act of 2022 would impose crippling sanctions on the Russian banking sector and senior military and government officials in the case that President Putin chooses to escalate hostile action in or against Ukraine. The bill would also prohibit transactions on Russia’s primary and secondary sovereign debt and authorize sanctions on Russia’s extractive industries as well as on providers of specialized financial messaging services (e.g., SWIFT).
To help meet urgent defense needs, the legislation calls upon the Departments of Defense and State to expedite transfer of defense articles to bolster Ukraine’s defense capabilities and authorizes $500 million in supplemental emergency security assistance to Ukraine in the event of a re-invasion by Russia.
Lastly, the bill also expands U.S. efforts to counter Kremlin disinformation and strengthen ties with key regional partners facing Kremlin aggression.
As the top Democrat on the Senate Select Committee on Intelligence, Sen. Warner co-led the Committee’s bipartisan investigation into Russian interference in the 2016 election. As a result of this investigation, the committee issued a comprehensive, five-volume report that concluded the Russian government engaged in an aggressive, multi-faceted effort to influence the outcome of the 2016 presidential election, and that the willingness of top officials on the Trump campaign to accept and even welcome Russian assistance represented a grave counterintelligence threat to our nation.
Text of the bill is available here.
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