Sec. 202. Assessment of impact of Ukraine-related sanctions on the economy of the Russian Federation
238 words·~1 min read·
/bill/118/s/2003/rs/section-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. The President shall— 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 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. Each report required by this section shall include— an assessment of— 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; 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 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 recommendations for further sanctions enforcement measures based on trends described in paragraph (1)(B).