At the time, he specifically mentioned a different bill, introduced by Republican Senator Marco Rubio and Democratic Senator Chris Van Hollen, that would impose stiff sanctions on key Russian economic sectors if Moscow was found to have interfered again in a US election.
The bill also aims to severely restrict Russia's ability to raise sovereign debt, and to restrict their ability to seek investment in energy projects.
It also expresses strong support for North Atlantic Treaty Organisation and would require that two-thirds of the Senate to vote in favour of any effort to leave the alliance. The markets have reacted to this initiative: the Russian ruble and dollar bonds fell sharply in price.
A day after the US Congress passed a bill that seeks to provide waivers to America's strategic partners like India from punitive sanctions for doing business with Russian Federation, proponents of such a move today introduced a new legislation with a new "hard-hitting" Russian Federation sanctions package.
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"The sanctions and other measures contained in this bill are the most hard-hitting ever imposed - and a direct result of Putin's continued desire to undermine American democracy", Senator Lindsey Graham, Republican-South Carolina, said in a statement.
Senator John Barrasso, Republican-Wyoming, has introduced a bill which would impose mandatory sanctions on Russia's Nord Stream 2 pipeline and Senate Majority Leader Mitch McConnell, Republican-Kentucky, said "there's a possibility" that the Senate would take up a bill from senators Marco Rubio, Republican-Florida, and Chris Van Hollen, Democrat-Maryland, known as the DETER Act, which would impose new sanctions against Russian Federation.
Along with Graham, the bill was co-sponsored by two other Republicans - Cory Gardner of Colorado and John McCain of Arizona - and three Democrats, Bob Menendez of New Jersey, Ben Cardin of Maryland and Jeanne Shaheen of New Hampshire.
"This bill is the next step in tightening the screws on the Kremlin and will bring to bear the full condemnation of the United States Congress so that Putin finally understands that the USA will not tolerate his behavior any longer", he said. Still, Congress failed to pass anything before lawmakers left Washington for their weeks-long summer recess. A committee spokeswoman said she had no details on what measures the panel might consider. And while the Senate's Foreign Relations and Banking committees have promised to hold hearings on Russian interference and related matters, there are no guarantees that any legislation will emerge, much less make it to a floor vote, in the limited calendar that remains before November.