President Biden Ends Russian Trade Relations, Oil Imports
President Joe Biden has signed legislation blocking Russian oil from being imported into the U.S. and severing all trade relations with the country over its invasion of Ukraine.
Biden signed two bills on Friday seeking to further isolate Russia economically as the U.S. maintains pressure on Moscow to end its invasion of Ukraine. The legislation, which passed overwhelmingly in both houses of Congress, will work to strike an economic artery of energy-rich Russia while relegating the country to the same trade status as Myanmar, Cuba and North Korea.
While Biden had earlier signed an executive order banning imports of Russian oil and gas, House Resolution 6968 codifies the ban into law.
The second bill, H.R. 7108, goes further by suspending normal trade relations with Russia and its ally Belarus. The bill also directs the U.S. trade representative to take steps to suspend Russia's participation in the World Trade Organization (WTO).
https://www.msn.com/en-us/news/world/president-biden-ends-russian-trade-relations-oil-imports/ar-AAW1uB4