Congress on Thursday passed a bill to ban imports of oil and gas from Russia, the latest measure in the U.S. government-wide effort to economically isolate and penalize the Kremlin for its unprovoked invasion of Ukraine.
The Senate passed the legislation in a 100-0 vote earlier Thursday. The House then approved it in a 413-9 vote and sent it to President Joe Biden’s desk to sign into law.
The bill prohibits the importation of oil, gas, coal and other energy products from Russia. The bill codifies Biden’s previous executive order into law.
The oil import ban passed immediately after the overwhelming approval of a bill to revoke Russia’s permanent normal trade relations with the United States, often referred to as “most favored nation” status. The legislation would also sever the normal trade relationship with Belarus, a key Russian ally.
“This package is about bringing every tool of economic pressure to bear on Vladimir Putin and his oligarch cronies,” said Sen. Ron Wyden, D-Ore., in a statement on the measures. “Putin’s Russia does not deserve to be a part of the economic order that has existed since the end of World War II.”
ARTICLE: PAUL MURDOCH
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: CNBC