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Congressional trade leaders have agreed to pursue bipartisan legislation that aims to punish Russian President Vladimir Putin for his invasion of Ukraine by suspending normal trade relations with Russia and imposing a ban on Russian energy imports. The bipartisan effort would allow President Joe Biden to increase tariffs on products from Russia and Belarus, which would also see normal trade relations halted by the bill. Relations could be restored “subject to certain conditions and congressional disapproval.” What’s more, U.S. Trade Representative Katherine Tai would also be compelled to leverage the…
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Congress proposes Russian energy import ban, trade penalties was first posted on March 7, 2022 at 11:22 pm.
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