Key takeaways

• The U.S. Senate recently voted 98-2 to adopt legislation aimed at strengthening sanctions against Iran and Russia.
• The bill proposes, among other actions, to expand the scope of U.S. sanctions, tighten existing restrictions and limit the Executive Branch’s ability to dismantle the current sanctions targeting Russia and Russian companies.
• If the bill becomes law, we expect the immediate changes to existing sanctions would be incremental, but over a longer term, the bill may result in the current sanctions against Russia becoming a fixed feature of U.S. policy.