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Title II — Multilateral Sanctions Coordination

S. 2003 · 118th Congress · Jun 15, 2023 · Lineage

II Multilateral Sanctions Coordination

Sec. 201 Statement of policy regarding coordination of multilateral sanctions with respect to the Russian Federation

(a)
In general— In response to the Russian Federation’s unprovoked and illegal invasion of Ukraine, it is the policy of the United States that—
(1)
the United States, along with the European Union, the G7, Australia, and other willing allies and partners of the United States, should lead a coordinated international sanctions regime to freeze sovereign assets of the Russian Federation;
(2)
the head of the Office of Sanctions Coordination of the Department of State should engage in interagency and multilateral coordination with agencies of the European Union, the G7, Australia, and other allies and partners of the United States to ensure the ongoing implementation and enforcement of sanctions with respect to the Russian Federation in response to its invasion of Ukraine;
(3)
the Secretary of State, in consultation with the Secretary of the Treasury, should, to the extent practicable and consistent with relevant United States law, lead and coordinate with the European Union, the G7, Australia, and other allies and partners of the United States with respect to enforcement of sanctions imposed with respect to the Russian Federation;
(4)
the United States should provide relevant technical assistance, implementation guidance, and support relating to enforcement and implementation of sanctions imposed with respect to the Russian Federation;
(5)
where appropriate, the head of the Office of Sanctions Coordination, in coordination with the Bureau of Economic and Business Affairs and the Bureau of European and Eurasian Affairs of the Department of State and the Department of the Treasury, should seek private sector input regarding sanctions policy with respect to the Russian Federation and the implementation of and compliance with such sanctions imposed with respect to the Russian Federation; and
(6)
the Secretary of State, in coordination with the Secretary of the Treasury, should continue robust diplomatic engagement with allies and partners of the United States, including the European Union, the G7, and Australia, to encourage such allies and partners to impose such sanctions.
(b)
Authorization of appropriations—
(1)
In general— There is authorized to be appropriated to the Office of Sanctions Coordination of the Department of State $15,000,000 for each of fiscal years 2024, 2025, and 2026 to carry out this section.
(2)
Supplement not supplant— The amounts authorized to be appropriated by paragraph (1) shall supplement and not supplant other amounts authorized to be appropriated for the Office of Sanctions Coordination.

Sec. 202 Assessment of impact of Ukraine-related sanctions on the economy of the Russian Federation

(a)
Report and briefings— At the times specified in subsection (b), the President shall submit a report and provide a briefing to the appropriate congressional committees on the impact on the economy of the Russian Federation of sanctions imposed by the United States and other countries with respect to the Russian Federation in response to the unlawful invasion of Ukraine by the Russian Federation.
(b)
Timing— The President shall—
(1)
submit a report and provide a briefing described in subsection (a) to the appropriate congressional committees not later than 90 days after the date of the enactment of this Act; and
(2)
submit to the appropriate congressional committees a report described in subsection (a) every 180 days thereafter until the date that is 5 years after such date of enactment.
(c)
Elements— Each report required by this section shall include—
(1)
an assessment of—
(A)
the impacts of the sanctions described in subsection (a), disaggregated by major economic sector, including the energy, aerospace and defense, shipping, banking, and financial sectors;
(B)
the macroeconomic impact of those sanctions on Russian, European, and global economy market trends, including shifts in global markets as a result of those sanctions; and
(C)
efforts by other countries or actors and offshore financial providers to facilitate sanctions evasion by the Russian Federation or take advantage of gaps in international markets resulting from the international sanctions regime in place with respect to the Russian Federation; and
(2)
recommendations for further sanctions enforcement measures based on trends described in paragraph (1)(B).

Sec. 203 Information on voting practices in the United Nations with respect to the invasion of Ukraine by the Russian Federation

Section 406(b) of the Foreign Relations Authorization Act, Fiscal Years 1990 and 1991 (22 U.S.C. 2414a(b)), is amended—
(1)
in paragraph (4), by striking “Assembly on” and all that follows through “opposed by the United States” and inserting the following:

“(A) resolutions specifically related to Israel that are opposed by the United States; and

“(B) resolutions specifically related to the invasion of Ukraine by the Russian Federation.”

(2)
in paragraph (5), by striking “; and” and inserting a semicolon;
(3)
by redesignating paragraph (6) as paragraph (7); and
(4)
by inserting after paragraph (5) the following:

“(6) an analysis and discussion, prepared in consultation with the Secretary of State, of the extent to which member countries supported United States policy objectives in the Security Council and the General Assembly with respect to the invasion of Ukraine by the Russian Federation; and”