House Majority Leader Eric Cantor released the following statement on potential House action regarding Russia and Ukraine::
Russia’s invasion of Ukraine violates international law and its long-standing agreements. Russian aggression must cease, and Moscow must withdraw its military forces and cease interfering and undermining the sovereignty and domestic politics of its neighbor. Moscow’s flagrant disregard for Ukraine’s territorial integrity, in addition to its continuing support of some of the world’s most oppressive regimes, should spur a long overdue reassessment of our policy towards Russia.
To deal with the crisis in Ukraine and respond to Russia’s provocation, I have asked our House committee Chairmen to develop plans to assist the government of Ukraine, put pressure on Russia, and reassure allies throughout the world that the United States will not stand idly by in the face of such aggression. Specifically, the House will review how we can expeditiously consider assistance to Ukraine in the form of loan guarantees. I believe there is bipartisan support for such assistance, but we must make sure it is done responsibly and any legislation is not delayed by adding divisive provisions. We should be focused on moving such a package as quickly as possible.
We will also begin reviewing what authorities, similar to the Magnitsky Act, we may provide the Administration so that the President can take actions to impose sanctions on Russian officials, oligarchs, and other individuals complicit in Russia’s efforts to invade and interfere with Ukraine’s sovereign affairs. I have spoken to Administration officials to express our interest in working together to ensure that President Obama has the appropriate tools to impose real consequences on Russia for this aggression.