House, Senate agree on Russia trade ban as Putin moves further into Ukraine

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House, Senate agree on Russia trade ban as Putin moves further into Ukraine
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Leaders of the House and Senate trade panels said these actions will 'send a clear message to Putin that his war is unacceptable.'

the authority to increase tariffs on products from Russia and Belarus, as well as the power to restore normal trade relations, subject to certain conditions and approval from Congress.

Congressional leaders announced a bipartisan agreement on Monday to suspend normal trade relations with Russia and Belarus. In this photo, a Senate staff carries a sign that reads"Ban Russian Energy Imports Act" after a news conference at the U.S. Capitol March 3, 2022 in Washington, D.C.also said Sunday that the chamber is exploring options to restrict trade with Russia, specifically banning Russian oil imports.

Pelosi said in a letter to colleagues that"the United States need not choose between our democratic values and our economic interests. 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."

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