The US Senate has approved a procedural vote on a sanctions bill targeting Russia and Iran. The legislation now moves to debate, a final vote and, if passed, the president's signature.

If it passes, the bill would affect several major countries that currently trade with Russia, and those effects should be factored into US planning.

A bipartisan group of U.S. senators announced on Tuesday that they had reached an agreement on long-awaited legislation that would authorize President Donald Trump to impose…

US Senators reach agreement on bill to sanction Russia, Iran