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.
Both bills are expected to gain the House’s support later Thursday before going 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.
Senate Majority Leader Chuck Schumer 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 and to Russia.
“No nation whose military is committing war crimes deserves free trade status with the United States,” Schumer said moments before the vote. Sen. Ben Cardin, D-Md., said, practically speaking, the impact of the delay on the trade bill is minimal “because there’s virtually no trade right now coming in from Russia.” Still, he said passage of the bill is important.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Senate Set to Pass Bills to Strip Russia of Favored Trade Status, Ban Oil ImportsThe package of legislation would strip Russia and Belarus of their most-favored-nation trade status, a step that would result in higher tariff rates on some imports from the countries. It would also ban Russian energy imports.
Baca lebih lajut »
Senate to Vote on Revoking Russia's Trade Status and Oil Ban as Some Question DelayLegislation punishing Russia for the war in Ukraine is finally getting a vote in the U.S. Senate.
Baca lebih lajut »
Oil prices trade higher ahead of new sanctions on RussiaOil futures were trading higher Wednesday morning, clawing back from earlier losses.
Baca lebih lajut »
Senate to vote on revoking Russia’s trade status, oil banThe House vote in mid-March came one day after Ukrainian President Volodymyr Zelenskyy told Congress in a virtual speech that “new packages of sanctions are needed constantly every week until the Russian military machine stops.”
Baca lebih lajut »
Watch live: Senate votes to end GOP filibuster of first Black woman nominated to Supreme CourtWASHINGTON – The Senate was poised to confirm Judge Ketanji Brown Jackson to the U.S. Supreme Court later Thursday, making history by adding a Black woman to...
Baca lebih lajut »
GOP blocks Senate COVID bill, demands votes on immigrationRepublicans have blocked a Democratic attempt to begin Senate debate on a $10 billion COVID-19 compromise that is just a day old
Baca lebih lajut »