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Sanctions: Winter comes early to Moscow
New sanctions announced. The United States has accused Russia of using chemical weapons in connection with the UK poisonings and will add additional sanctions on 22 August. These measures are relatively modest in terms of impact but leave open the possibility of more serious measures being imposed after a further 90 days. Congress is preparing even more draconian measures. The latest sanctions come at a time when several new sanctions bills, aimed at restricting investment and trade with Russia, have been introduced to Congress. The most dangerous bill, the so-called DESKAA bill, which has broad bi-partisan support, would restrict investment into Russian sovereign debt and make it almost impossible for US entities to work with Russian energy companies in international projects.