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US Congress advances new sanctions legislation against Russia, increasing geopolitical leverage and risking China relations

Executive summary: The US House of Representatives has passed a new bill authorizing enhanced sanctions against Russia to support Ukraine. The legislation ends a prolonged hiatus in US aid and strengthens the executive's ability to apply economic pressure, while potentially straining ties with China.

Who is involved: US Congress, Russia, Ukraine, and the Trump administration.

Likely next: The bill will proceed to the Senate for further legislative action and subsequent presidential approval.

The US House has passed a bill aimed at intensifying sanctions against Russia, signaling a formal end to the nearly two-year pause in congressional Ukraine assistance. This legislative movement seeks to provide the executive branch with enhanced tools to pressure Moscow, though it introduces new complexities regarding trade relations with China and global energy stability.

What's next — scenarios

Base: Sanctions implemented with trade friction (60%)

Increased economic pressure on Russia combined with moderate trade tensions between the US and China.

Upside: Coordinated global economic blockade (15%)

Broad international alignment on sanctions leading to significant volatility in energy and commodity markets.

Downside: Geopolitical escalation and energy shock (25%)

Escalation in kinetic warfare alongside a massive spike in oil prices due to supply chain disruptions.

What to watch

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Analysis — what this means

Likely next events

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