Economics
Russia Sanctions Bill Tweaks in Senate May Curb Spillover Risks
- U.S. senators weigh changing sovereign debt, energy provisions
- Treasury warned that original bill could damage global economy
Photographer: David Paul Morris/Bloomberg
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The leading effort in Congress to deter Russia from meddling in the U.S. midterm elections is likely to be rewritten to minimize unintended effects on global economies from stiff automatic sanctions on sovereign debt and energy.
“We want to make sure that the economic harm is confined as much as possible to the Russian economy and the spillover effects are limited,” said Senator Chris Van Hollen, a Maryland Democrat.