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Rubio, Grassley Introduce Bill to Sanction All Russian State-Owned Enterprises

Mar 2, 2022 | Press Releases

Washington, D.C. — U.S. Senators Marco Rubio (R-FL) and Chuck Grassley (R-IA) introduced the Halting Enrichment of Russian Oligarchs and Industry Allies of Moscow’s Schemes to Leverage its Abject Villainy Abroad (HEROIAM SLAVA) Act, which would impose sweeping sanctions on all Russian state-owned enterprises. The HEROIAM SLAVA Act, named after the iconic Ukrainian rallying cry and symbol of national resistance, would deny companies controlled or owned by Moscow, such as Rosneft, Gazprom, Rosatom, Aeroflot, and RT, access to critical American capital as they fund Vladimir Putin’s war efforts.
“Putin is actively fueling the Russian war machine through funds generated by Moscow’s state-owned corporations,” Rubio said. “No Russian state-owned enterprise should have access to American capital while a bloodthirsty dictator is waging an invasion against Ukraine.” 
“As Putin continues indiscriminately bombing Ukraine and murdering innocent civilians, the U.S. must take every possible step to ensure Russia is completely cut off from American capital,” Grassley said. “Russia’s state-owned oil and gas companies fund Putin’s war machine. Our bill will make sure American companies play no part in that.” 
Rubio is the Vice Chairman of the Senate Select Committee on Intelligence and a senior member of the Senate Committee on Foreign Relations. 
January 14, 2022: English/Español: Rubio Introduces Sanctions Bill to Deter Russian Invasion of Ukraine