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US Congress considers banning oil imports from Russia

by Editorial Team
July 3, 2023
in World
1 min read
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The US House of Representatives is considering the possibility of drafting a bill banning the importation of oil and energy resources from Russia to the USA against the background of Russia’s military operation in Ukraine.

Nancy Pelosi, Speaker of the US House of Representatives, said, “The House of Representatives is currently working on (possibly proposing) strict laws that would further isolate Russia from the global economy. Our design would ban Russia’s oil and energy imports to the US.”

Pelosi added that Congress plans to discuss the “cancellation” of normal trade relations with Russia and Belarus as a first step towards blocking Russia’s access to the World Trade Organization.

Congress also wants to give the Biden administration the right to raise tariffs on imports from Russia.

On the other hand, Congress plans to approve the allocation of $10 billion in aid to Ukraine.

Pelosi said Congress plans to approve $10 billion in aid to Ukraine this week. “

Earlier, The Washington Post reported that the administration of US President Joe Biden has asked Congress to approve the allocation of funds for aid to Ukraine.

Source: RIA Novosti

The Content is sourced from RT News (rt.com); each piece of Content all the Copyrights and Trademarks belong to their Rightful Owners and all Materials to their Authors. We have just Modified and Rearranged that in our platform for our readers.

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