February 22, 2022

Toomey Calls for Sanctions After Russia Invades Ukraine

Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) released the following statement calling on the U.S. to impose sanctions on Russia after its invasion of Ukraine:

“Yesterday’s events are simply Putin’s latest effort to degrade Ukraine’s sovereignty and turn it into a vassal state. This war Russia is choosing to wage will create a humanitarian crisis in Europe with millions of displaced Ukrainians.

“The United States and our allies must aim to stop this war before the damage escalates further by imposing harsh sanctions on Russia to ensure Putin understands there will be a crippling cost to his abuses. The NYET Act—which Senator Risch and I introduced last week—would make Putin feel the consequences of his invasion of Ukraine by imposing secondary sanctions on Russian financial institutions. I urge the Senate to take up this legislation as soon as we return next week.”