Closing Loopholes in Russia Sanctions Act of 2022

Bill 117 HR 7067, also known as the Closing Loopholes in Russia Sanctions Act of 2022, aims to strengthen existing sanctions against Russia by closing loopholes that have allowed individuals and entities to evade sanctions. The bill was introduced in response to concerns about Russia's aggressive actions on the international stage, including its invasion of Ukraine and interference in the 2016 US presidential election.

The bill includes provisions that would expand the scope of existing sanctions to target individuals and entities that are involved in corruption, human rights abuses, or support for the Russian government's destabilizing activities. It also includes measures to increase transparency and accountability in the implementation of sanctions, including requiring regular reports to Congress on the effectiveness of sanctions and the impact on the Russian economy.

Additionally, the bill includes provisions to enhance coordination with US allies and partners in imposing sanctions on Russia, as well as measures to support the development of alternative energy sources in Europe to reduce dependence on Russian energy exports. Overall, the Closing Loopholes in Russia Sanctions Act of 2022 is aimed at strengthening US sanctions against Russia and holding the Russian government accountable for its actions on the international stage.