Rus­sia sanc­tion push stalled

The Star Early Edition - - BUSINESS REPORT -

HOUSE Repub­li­cans are throw­ing up new road­blocks to a Rus­sia and Iran sanc­tions bill over con­cerns from the en­ergy in­dus­try that a pro­vi­sion could block US com­pa­nies from lu­cra­tive for­eign oil deals. A sec­tion of the leg­is­la­tion would pre­vent US com­pa­nies from do­ing busi­ness any­where in the world with Rus­sian in­ter­ests, caus­ing con­ster­na­tion in the cap­i­tal­in­ten­sive en­ergy in­dus­try where for­eign part­ner­ships are com­mon. That prompted Repub­li­cans to push for a fix to the ver­sion passed by the Se­nate be­fore the bill moves for­ward in the House. “You’re em­pow­er­ing Rus­sia more based upon the way they wrote it, that you can give Rus­sia greater en­ergy power over Europe and ev­ery­where else,” House Ma­jor­ity Leader Kevin Mc­Carthy, a Repub­li­can from Cal­i­for­nia, said on Wed­nes­day evening. “So yes, we do need to change that,” he said. Repub­li­cans pre­vi­ously said that the mea­sure was stalled over com­plaints from Democrats.

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