50949_WKBW_7_Problem_Solvers_658x90.png

Actions

Congress votes to suspend normal trade relations between US, Russia

Virus Outbreak Congress Uninsured
Posted

(WASHINGTON) – The U.S. Congress has overwhelmingly voted to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia’s invasion of Ukraine amid reports of atrocities.

House action came Thursday after the Senate approved the two bills and the measures now go to President Joe Biden to be signed into law.

Biden has already taken executive action to ban Russian oil, liquefied natural gas and coal to the United States. The legislation puts the effort into law.

The bill to end normal trade relations with Russia paves the way for Biden to enact higher tariffs on various imports, such as certain steel and aluminum products, further weakening the Russian economy under President Vladimir Putin. It also ensures Belarus receives less favorable tariff treatment.

The bills also provide the president with the authority to return normal tariff treatment for Russia as well as resume trade in Russian energy products subject to certain conditions.