: STAND for Ukraine Act passed by US House of Representatives Committee on Foreign Affairs

17:32 Jul. 15, 2016

STAND for Ukraine Act passed by US House of Representatives Committee on Foreign Affairs

American and Ukrainian flags waving at the building of the Ukraine's Presidential Administration in Kyiv (UNIAN photo)

Document clarifies existing US policy toward Ukraine and implies toughening sanctions on Russia 

On June 14, the U.S. House of Representatives Committee on Foreign Affairs approved a comprehensive resolution - the Stability and Democracy (STAND) for Ukraine Act - to address the ongoing crisis in Ukraine, according to the Committee's press-release.

Read also Ukraine may get additional USD 660 mln of US assistance

The document, which was introduced in April, 2016, clarifies the position of the United States on Russia's illegal occupation of Crimea, tightens sanctions on Russia, and suggests providing more support for Ukraine.

Eliot Engel, Ranking Member of the House Committee on Foreign Affairs, welcomed approval of the Act he introduced in April along with a bipartisan group of 15 members:

"This bill links any sanctions relief to Russia fulfilling its obligations under the Minsk Agreement as well as making Crimea-related sanctions permanent so long as the Russian occupation there continues.  It also tightens sanctions enforcement with a new anti-evasion framework", Eliot Engel stated.

Read also Sanctions to continue if Russia refuses to address Donbas and Crimea issues – Kerry

 

New legislation also seeks to establish an international consortium to draw private investment in Ukraine by minimizing political risk to would-be private investors.

If the Act is eventually approved by the House, the U.S. President will be able to abolish restrictive measures against Moscow in the following cases only: Ukraine restores full sovereignty over Crimea or the status of the peninsula has been resolved to the satisfaction of a democratically elected government of Ukraine.

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