Home » russia » Excerpt from U.S. #HouseOfRepresentatives 5094: #STANDforUkraineAct @GovTrack

Excerpt from U.S. #HouseOfRepresentatives 5094: #STANDforUkraineAct @GovTrack

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The new US federal STAND for Ukraine law says among others that:

“The President is authorized to impose with respect to a foreign person […] sanctions […] if the President determines that the foreign person […] has materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to, a foreign person that is responsible for, complicit in, or responsible for ordering, controlling, or otherwise directing, the commission of serious human rights abuses in any territory forcibly occupied or otherwise controlled by the Government of the Russian Federation […] Not later than 60 days after the date of the enactment of this Act, the Secretary of State shall develop and implement a strategy to respond to Russian Federation-supported disinformation and propaganda efforts directed toward persons in countries bordering the Russian Federation.”

Source: https://www.govtrack.us/congress/bills/114/hr5094/text?utm_campaign=govtrack_feed&utm_source=govtrack%2Ffeed&utm_medium=rss

While these and other provisions are useful, the law does unfortunately not include a provision for a government-supported insurance of FDI in Ukraine against political risks. More on this continuing problem: Political Risk Insurance for FDI in Ukraine: How the Eastern European Pivot State Can Be Saved,” HARVARD INTERNATIONAL REVIEW, 10 March 2016. http://hir.harvard.edu/political-risk-insurance-fdi-ukraine-saved/

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