Tag : Biden

    Congress Votes To Suspend Russia Trade Status, Enact Oil Ban

    Sunil Aswal
    April8/ 2022

    Washington: Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the US response to Russia's invasion of Ukraine amid reports of atrocities. House action came after the Senate approved the two bills with 100-0 votes. The measures now go to President Joe Biden to be signed into law. Lawmakers overwhelmingly support the substance of the two bills, but they had languished for weeks in the Senate as lawmakers worked to hammer out the final details. 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 favourable tariff treatment. Rep Richard Neal, D-Mass, said it was important to take action because innocent Ukrainians were being slaughtered even as lawmakers were meeting. We have no time to waste and must immediately further punish Vladimir Putin, Neal said. What we have witnessed in Bucha over the course of the last 72 hours alone more than justifies the positions we have taken in the past and to be more assertive and aggressive going into the future. Senate Majority Leader Chuck Schumer, D-NY, announced late Wednesday a breakthrough in negotiations to bring the bills up for votes before lawmakers travel back to their home states and congressional districts for two weeks. Some lawmakers said that the failure to take final action on the bills was sending the wrong message to allies a ...

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