U.S. people and companies would have to stop supplying covered oil and gas equipment, services, software, and technology to Russia. Foreign suppliers to Russia's petroleum sector could face U.S. asset freezes and visa bans. Some humanitarian goods and certain isotopes would stay exempt.
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No Aid for Russian Energy Act is a House bill in committee. The latest recorded action: Referred to the Committee on Foreign Affairs, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Latest action on H.R. 7094: Referred to the Committee on Foreign Affairs, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Who this affects: This bill mainly affects U.S. companies, workers, and investors tied to Russia's oil and gas business, along with foreign firms that sell Russia covered petroleum goods or services. It also matters for executives and major owners of sanctioned foreign companies, because they could lose access to U.S. visas and entry. Aid groups, medical and farm users of certain isotopes, and businesses that rely on the bill's exceptions would also need to check whether their work still qualifies.
Why this matters: This bill matters because it would try to cut Russia off from U.S.-linked tools and know-how used to find and produce oil and gas. That could make it harder for Russia to get some equipment, software, and services, though the real effect would depend on enforcement and whether other countries or firms step in. It also matters because the rules reach past U.S. borders to some foreign subsidiaries and foreign suppliers. At the same time, the bill leaves room for humanitarian trade and gives the President temporary waiver power when national security demands it.
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