Legislation enacted Thursday in the Russian parliament is designed to protect the oil-rich economy from “unfriendly” U.S. actions, the entity announced.
A bill proposed by State Duma Speaker Vyacheslav Volodin passed through its second reading on Thursday. The third, and final, reading is scheduled May 22.
Volodin’s measure states that countries with an adversarial stance toward Russia could be banned from public contracts. The Kremlin, it adds, could be empowered to restrict trade with the United States.
U.S. and European sanctions against Russia reach deep into the country’s energy sector. Sanctions imposed by Washington in response to Russian activity in Ukraine targeted Igor Sechin, the head of top Russian oil producer Rosneft, and Gazprom, the Russian gas company.