U.S. Senate Finance Committee Chair Ron Wyden (D-OR) and Senate Finance Committee Member Rob Portman (R-OH) have announced the introduction of the Support Ukraine Through Our Tax Code Act (Bill S.4218), which will deny foreign tax credits or deductions with respect to taxes paid or accrued to Russia and Belarus and provide for the denial of certain other tax benefits in connection with the invasion of Ukraine. The text of the legislation is in line with a draft circulated for comment in Apr…