Sec. 322. Findings
141 words·~1 min read·
/bill/115/hr/6437/ih/section-322·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress finds the following: On February 27, 2014, the Russian Federation unlawfully invaded Ukraine’s Crimea region and shortly thereafter intervened and occupied parts of Ukraine. Russia continues to flout the Minsk Agreement and subsequent clarifications to address the ongoing conflict in eastern Ukraine, signed in Minsk, Belarus, on February 11, 2015, by the leaders of Ukraine, Russia, France, and Germany, and the Minsk Protocol, which was agreed to on September 5, 2014, by directly and indirectly commanding separatist forces in Ukraine.
Sanctions to date have failed to alter Russian President Vladimir Putin’s calculation regarding Crimea and eastern Ukraine. Russia relies on sovereign debt to finance the government. If denied access to these funds, Russia would be forced to cut spending, increase taxes, draw down its foreign exchange reserves, or seek alternative sources of financing, increasing the economic pressures facing the economy.