Meeks Introduces Bill to Block U.S. Russian Diesel Deal
The proposal would bar U.S. development finance investment in Russia’s energy sector and restrict licenses for Russian energy activity.
Key takeaways
- Meeks introduced a bill aimed at blocking the Trump administration’s Russian diesel agreement.
- The bill would bar DFC investment in Russia’s energy sector and restrict OFAC licenses.
Representative Meeks introduced a bill aimed at blocking the Trump administration’s agreement to buy and import diesel from Russia, according to a statement by Democrats on the House Foreign Affairs Committee. The statement said the measure has bipartisan support.
The proposed “No Corrupt Russian Oil Deals Act” would prohibit the U.S. International Development Finance Corporation from investing in Russia’s energy sector. It would also require sanctions on Russian energy, invalidate general licenses issued by the Treasury Department’s Office of Foreign Assets Control, and prevent new licenses.
The committee Democrats said the agreement would not lower living costs for Americans and would provide millions of dollars to Russia. They urged members of Congress who oppose the agreement to support the bill.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
