The U.S. House of Representatives is expected to vote overwhelmingly on Tuesday for a bill that would slap new sanctions on Russia, Iran and North Korea, potentially complicating President Donald Trump’s hopes of pursuing improved relations with Moscow.
The bipartisan measure aims to punish Russia for its 2014 annexation of Crimea from Ukraine and for alleged interference in the 2016 U.S. presidential election. The measure’s fate in the Senate is uncertain after a key senator said the deal announced over the weekend may not be final.
Republican Senator Bob Corker, chairman of the Senate Foreign Relations Committee, told reporters that negotiators had a “very good weekend” but any announcement “seemed somewhat premature.”
“We’re about there, there’s still some procedural issues we’re discussing but, you know, I think it worked out very, very well. We’ve still got a couple of things to talk about on North Korea,” Corker said.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.