Will a Russian sanctions bill become law?
·PoliticsIf a bill sanctioning Russia has become law after Issuance and before Jan 1, 2027, then the market resolves to Yes.
The legislation must establish new material restrictive measures explicitly targeting the Russian Federation by mandating or authorizing: (i) new primary sanctions against Russia or key economic sectors; (ii) new secondary sanctions on foreign third parties facilitating Russian trade or evasion; (iii) the seizure and transfer of blocked or immobilized Russian sovereign assets to support Ukraine; and/or (iv) the designation of Russia as a state sponsor of terrorism that triggers automatic sanctions. Routine re-authorizations or technical modifications of existing programs—such as those sometimes included in the National Defense Authorization Act (NDAA) or appropriations bills—are excluded.
