Congress Introduces Bill to Ban Russian Crude, Seeking to Squeeze Putin Revenue Source

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Congress Introduces Bill to Ban Russian Crude, Seeking to Squeeze Putin Revenue Source
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A bipartisan group of lawmakers unveiled a bill that would ban domestic imports of Russian crude oil, petroleum, liquefied natural gas and coal, in a step aimed at choking a critical source of revenue for Russian President Vladimir Putin

Sen. Joe Manchin, in blue tie, and Sen. Lisa Murkowski are sponsoring the bill to ban the energy imports.

"It means it actually has some legs," said Ms. Murkowski, the top Republican on the Senate Energy and Natural Resources Committee. Mr. Manchin chairs the panel. The legislation would declare that a national emergency exists because Russia’s attack on Ukraine poses a threat to the security, foreign policy and economy of the U.S. During that period of emergency, the bill would require the president to prohibit imports of crude oil, petroleum, petroleum products, LNG and coal from Russia."Putin has weaponized energy," said Sen. Jon Tester , one of the bill's co-sponsors.

Sen. Lindsey Graham , another co-sponsor, said it would be a crippling blow to Mr. Putin if other countries banned Russian oil imports, as well.

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