[Congressional Record Volume 168, Number 47 (Wednesday, March 16, 2022)]
[Senate]
[Pages S1226-S1227]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         SUBMITTED RESOLUTIONS

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SENATE RESOLUTION 548--EXPRESSING THE SENSE OF THE SENATE ON ENDING THE 
   ACCESS OF RUSSIAN FINANCIAL INSTITUTIONS TO SPECIALIZED FINANCIAL 
                           MESSAGING SERVICES

  Mrs. BLACKBURN (for herself and Mr. Blumenthal) submitted the 
following resolution; which was referred to the Committee on Banking, 
Housing, and Urban Affairs:

                              S. Res. 548

       Whereas providers of specialized financial messaging 
     services are a critical link to the international financial 
     system;
       Whereas the European Union, Japan, Canada, and other 
     partners of the United States are to be commended for 
     strengthening the multilateral sanctions regime against the 
     Russian Federation;
       Whereas, while the expulsion of selected Russian financial 
     institutions from specialized financial messaging services is 
     a first step, that expulsion alone is not sufficient to 
     address the scope and scale at which the Government of the 
     Russian Federation is waging war against Ukraine; and
       Whereas, once achieved, the complete loss of access by 
     Russian financial institutions to specialized financial 
     messaging services must be maintained: Now, therefore, be it
       Resolved, That--
       (1) the Senate urges the President, in the strongest 
     possible terms, to immediately take all measures necessary to 
     remove all Russian financial institutions from access to 
     specialized financial messaging services, including by 
     working with allies and partners

[[Page S1227]]

     of the United States to execute that removal multilaterally;
       (2) it is the sense of the Senate that the Russian 
     financial institutions covered by paragraph (1) include--
       (A) Sberbank;
       (B) VTB;
       (C) Gazprombank.
       (D) VEB.RF;
       (E) The Russian Direct Investment Fund;
       (F) Credit Bank of Moscow;
       (G) Alfa Bank;
       (H) Rosselkhozbank;
       (I) FC Bank Otkritie;
       (J) Promsvyazbank;
       (K) Sovcombank;
       (L) Transkapitalbank;
       (M) Tinkoff Bank; and
       (N) any financial institution that is owned or controlled 
     by, or is a successor to, a financial institution specified 
     in any of subparagraphs (A) through (M); and
       (3) it is the sense of the Senate that any package of 
     sanctions imposed with respect to the Russian Federation is 
     strengthened by working in concert with allies and partners 
     of the United States.

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