February 23, 2022

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Press Releases

WASHINGTON DC – Today, U.S. Senator Rob Portman (R-OH) issued the following statement on steps taken by the Biden administration and our international partners to deter further Russian aggression in Ukraine:

“President Biden’s initial announcement of sanctions in response to Russian aggression in Donetsk and Luhansk is an important first step, but does not go far enough.

“The international community, including the US, EU, UK, Canada, Australia and others, has now made it clear that Russia will suffer economic consequences for breaches of international law. and territorial integrity of Ukraine. The Biden administration’s plans to impose sanctions on Nord Stream 2 and its CEO, as well as Germany’s decision to permanently suspend certification of the Nord Stream 2 gas pipeline, are also good news. The international community must now strengthen these sanctions to ensure that the economic consequences will be sufficiently damaging to the Russian economy to stop the aggression and avoid a dangerous escalation of the eight-year-old war in Ukraine.

“Two Russian financial institutions and a small number of individuals are targeted by this first round of sanctions. To create an effective deterrent effect, tougher sanctions should be extended to other financial institutions and export controls should be put in place.

“When it comes to export controls, working with our allies in Europe and Asia, the global community could effectively restrict the tools Russia needs to manufacture and resupply its military. The announcement by Taiwan, Japan and Singapore to work with the United States and other allies to block some key exports to Russia was a welcome first step that needs to be expanded and implemented.

“We learned from Russia’s illegal annexation of Crimea in 2014 that unless sanctions are strong and multilateral, they will not deter Russian aggression and malign activity.

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