Economy

US: A law is coming to an embargo on the import of Russian energy products

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The US House of Representatives is due to pass a bill on Tuesday banning imports of Russian energy products and suspending normal trade relations with Russia, a parliamentary adviser told Reuters.

The text of the bill is expected to be given later today, the source said.

A group of lawmakers said in a joint statement that they “agreed on a legislative step forward to ban the import of energy products from Russia.”

The bill would also give President Joe Biden the power to raise tariffs on goods from Russia and Belarus and allow Kathryn Tai, head of the US Trade Representative (USTR), to seek a moratorium. of Russia to the World Trade Organization.

“Taking these measures will send a clear message to (Russian President Vladimir Putin) that his war is unacceptable and that the United States stands firmly on the side of our NATO allies,” the lawmakers said in a statement.

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