U.S. Senate Committee on Banking Housing and Urban Affairs ranking member urges Congress to resist rolling back Russia sanctions and export controls

The Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Senator Elizabeth Warren, issued a statement urging Congress to oppose efforts to unwind sanctions and export controls intended to keep pressure on Russia to end its war against Ukraine and agree to a peace that preserves Ukraine’s sovereignty and ability to defend itself. The statement argues that sanctions and export controls, alongside military support for Ukraine, provide leverage toward a “just peace,” and criticises President Trump’s approach as negotiating “around Kyiv” and making concessions to President Putin. It calls on the Administration to close off Russia’s sanctions-evasion efforts involving China, Iran, and North Korea and to warn against doing business in Russia given stated risks including corruption and money laundering.