Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

U.S. senators work on bipartisan bill to aid Ukraine

CommoditiesJan 19, 2022 02:05PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. FILE PHOTO: U.S. Senator Kevin Cramer (R-ND) talks to reporters after a meeting at the U.S. Capitol in Washington, U.S., December 1, 2021. REUTERS/Elizabeth Frantz

By Timothy Gardner and Daphne Psaledakis

WASHINGTON (Reuters) - Republican U.S. senators said on Wednesday they are working with Democrats on legislation to aid Ukraine as Washington works to prevent another attack by Russia on the former Soviet state and after a bill they supported failed to pass last week.

A bill led by Republican Senator Ted Cruz that would place sanctions on Russia's Nord Stream 2 natural gas pipeline to Germany within 15 days of passage, last week did not get the majority it needed to pass in the 50-50 Senate.

Critics said automatic sanctions on the pipeline risked driving a wedge between the United States and its allies, especially Germany, potentially harming a united front against Russia.

A day before Cruz's bill, Democratic Senator Robert Menendez proposed a bill imposing sanctions on the pipeline, on top Russian officials including President Vladimir Putin, and on banking institutions, should Russia attack Ukraine again.

"Passing something is better than passing nothing," Senator Kevin Cramer told reporters, who added that elements of Republican proposed legislation, such as that sponsored by Senator Marco Rubio could be joined with items in the Menendez bill.

The senators did not say when a unified bill could come to the floor for a vote in the Senate, which has a packed schedule.

Cramer, who earlier this week took part in a bipartisan visit of U.S. Senators to Ukraine, said the bill should cut off Russia's access to the SWIFT global electronic payment system.

The administration of U.S. President Joe Biden, a Democrat is also preparing sanctions on Russia and will be prepared to impose them as soon as any tanks roll, officials have said. Restrictions under consideration could affect U.S. products exported to Russia and certain foreign-made products subject to U.S. jurisdiction.

Russia, which invaded Ukraine and annexed Crimea in 2014, has massed about 100,000 troops on the border but says it is not readying another attack.

U.S. Secretary of State Antony Blinken said Russia could launch a new attack on Ukraine at "very short notice" but Washington would pursue diplomacy as long as it could.

The Menendez bill does not mention SWIFT by name, but the senator has said his legislation would target companies in Russia that offer secure messaging systems, such as SWIFT, which banks use to exchange information with other financial institutions.

Senator Rob Portman, who was also on the trip to Ukraine, said the bill could include measures to help Ukraine fight against cyberattacks that were passed out of the Senate Foreign Relations Committee last April.

"We would most likely be able to fold that in any new legislation," Portman said. A massive cyberattack on Ukraine this month splashed Ukrainian government websites with a warning to "be afraid and expect the worst".

U.S. senators work on bipartisan bill to aid Ukraine

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email