ALERT: President Obama To Sign New Russian Sanctions Bill By End of Week. - White House Reports! Sanctions Bill Also Dubbed "Congressional Authorization For War Against Russia"
A new bill imposing further sanctions on Russia is to be signed by US President Barack Obama by the end of the week, a White House spokesman told a news briefing Tuesday.
White House press secretary Josh Earnest said that Obama is
expected to sign new legislation this week despite preliminary
concerns about its content. “I would anticipate that it would
get done before the end of the week,” he said.
However, he said that the bill has provided a degree of flexibility required by the president.
“That said, because it does preserve the president's
flexibility to carry out the strategy, he does intend to sign the
bill,” Earnest said.
Obama was under pressure from both Republicans and Democrats after the Senate granted final approval to the bill late Saturday. The bill will see some $350 million provided to Ukraine by way of assistance.
READ MORE: US destroying foundation of cooperation: Moscow slams ‘anti-Russian’ Ukraine bill
The bill would additionally require the further imposition of
conditional sanctions on the defense sector, such as penalties on
state-owned arms dealer Rosoboronexport (among other defense
companies) as well as connected individuals.
The 'Ukraine Freedom Support Act' does not make sanctions fully
obligatory and allows Obama to have power over which parts of the
bill to enforce.
However, "it does send a confusing message to our allies
because it includes some sanctions language that does not reflect
the consultations that are ongoing," Earnest said.
The new sanctions come amid concerns over the stability of the
Russian ruble, which nosedived Tuesday following a decline in oil
prices and previous rounds of sanctions imposed by both the US
and the EU.
READ MORE: Ruble plummets losing more than 20% in a day, hitting new dollar and euro lows