President Donald Trump is set to sign into law sanctions against Iran, North Korea, and Russia.
The bill received bipartisan support was approved by both chambers of Congress.
Per Fox News:
President Donald Trump said he would sign a series of bills that will impose stiff financial sanctions on Russia.
The announcement comes after Congress this week overwhelmingly approved packages to punish Moscow for allegedly meddling in U.S. elections.
After Congress approved the sanctions, Moscow said it was reducing the number of U.S. diplomats in Russia in retaliation.
In a statement late Friday, press secretary Sarah Huckabee Sanders said Trump had “reviewed the final version and, based on its responsiveness to his negotiations, approves the bill and intends to sign it.”
Russia has already responded to the sanctions by demanding the US reduce the number of diplomats it has in the country, a nod to the actions former President Barack Obama took against Russia in 2016:
The legislation is aimed at punishing Moscow for interfering in the 2016 presidential election and for its military aggression in Ukraine and Syria, where the Kremlin has backed President Bashar Assad. It also imposes financial sanctions against Iran and North Korea.
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Russia’s Foreign Ministry on Friday said it is ordering the U.S. Embassy in Russia to reduce the number of its diplomats by Sept. 1. Russia will also close down the embassy’s recreational retreat on the outskirts of Moscow as well as warehouse facilities.
The sanctions placed on North Korea and Iran are to deter their nuclear and ICBM development:
The North Korea sanctions are intended to thwart Pyongyang’s ambition for nuclear weapons by cutting off access to the cash the reclusive nation needs to follow through with its plans. The bill prohibits ships owned by North Korea or by countries that refuse to comply with U.N. resolutions against it from operating in American waters or docking at U.S. ports.
Goods produced by North Korea’s forced labor would be prohibited from entering the United States, according to the bill.
The sanctions package imposes mandatory penalties on people involved in Iran’s ballistic missile program and anyone who does business with them. The measure would apply terrorism sanctions to the country’s Revolutionary Guards and enforce an arms embargo.