According to it, the President would be authorized to provide defense articles, defense services, and training to the Government of Ukraine for the purpose of countering offensive weapons and reestablishing the sovereignty and territorial integrity of Ukraine, including anti-tank and anti-armor weapons; crew weapons and ammunition; counter-artillery radars to identify and target artillery batteries; fire control, range finder, and optical and guidance and control equipment; tactical troop-operated surveillance drones, and secure command and communications equipment. It authorizes $350 million in fiscal year 2015 to carry out these
In addition, the legislation requires the president to apply sanctions against Rosoboronexport and other Russian defense firms that contribute to instability in Ukraine, Moldova, Georgia, and Syria;
The sanctions will also be applied against companies worldwide that make significant investments in particular unconventional Russian crude oil energy projects.
In addition, the president will be able to impose sanctions on Gazprom, if he determines that Gazprom is withholding significant natural gas supplies from member countries of NATO or further withholds such supplies from countries such as Ukraine, Georgia, or Moldova
The document also imposes restrictions on foreign financial institutions' dealings with the United States banking system if it is determined the financial institution has engaged in significant sanctionable transactions related to Russia's defense and energy sectors, or significant transactions on behalf of any Russian individual or entity that has been sanctioned in connection with the crisis in Ukraine.
The legislation will be taken up by the Senate Foreign Relations Committee on Thursday just hours after Ukrainian President Petro Poroshenko will address a joint meeting of Congress.