Speaker of the House Nancy Pelosi (D-CA) said in a letter on Sunday that the House is looking into legislative options to isolate Russia, including a ban on Russian oil and energy.
“Our bill would ban the import of Russian oil and energy products into the United States, repeal normal trade relations with Russia and Belarus, and take the first step to deny Russia access to the World Trade Organization,” Pelosi said in a letter to colleagues. “We would also empower the Executive branch to raise tariffs on Russian imports.”
Pelosi noted that the Biden administration had requested $10 billion for “humanitarian, military and economic support for Ukraine,” and said “Congress intends to enact this emergency funding this week as part of our omnibus government funding legislation.”
“Let me be clear: the United States need not choose between our democratic values and our economic interests,” Pelosi said. “The Administration and the Congress remain laser-focused on bringing down the higher energy costs for American families and our partners stemming from Putin’s invasion.”
“We salute President Biden for leading our allies in releasing 60 million barrels of oil from strategic reserves – including 30 million from American reserves in the SPR – to stabilize global markets.”
“And in our visit to the Munich Security Conference, we were encouraged by the statements of our allies – especially the European Union – that they will continue to diversify their energy supply and reduce their dependence on Russian energy.”
Pelosi’s letter comes after a bipartisan bill was introduced in the Senate earlier in the week to prohibit Russian oil imports. That measure was led by Sen. Joe Manchin (D-WV), who chairs of the Senate Energy and Natural Resources Committee, and Sen. Lisa Murkowski (R-AK), who is a senior member of the committee.
“The United States cannot continue to purchase millions of barrels of oil while Putin wages an unprovoked and unjustified war on Ukraine,” said Senate Majority Whip Dick Durbin (D-IL), who said on Saturday that he would support the bill.
ARTICLE: PAUL MURDOCH
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: KTVZ.COM