Late on Friday, August 2, 2019, the U.S. Administration announced that it would implement a second wave of sanctions under the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act) against the Russian Federation. These sanctions will;
- prohibit U.S. financial institutions from participating in future primary issuances of non-ruble Russian sovereign debt;
- require the United States to oppose any new assistance to Russia by international financial institutions; and
- prohibit the export to Russia of dual-use goods controlled for chemical or biological warfare reasons.