Congress will draft legislation suspending trade relations with Russia and banning energy imports
CNN
A powerful, bipartisan group in Congress announced Monday that it would craft legislation suspending normal trade relations with Russia and Belarus, and grant the White House the authority to increase tariffs on the two countries, in response to Russia's invasion of Ukraine.
In a significant statement, four top lawmakers -- the Democratic and Republican leaders of the House Ways and Means Committee and the Senate Finance Committee -- said they would require the US trade representative to try to suspend Russia's participation in the World Trade Organization and would provide President Joe Biden the power to restore trade relations subject to certain conditions and congressional disapproval.
They also said they had agreed to strike a deal banning the import of "energy products" from Russia. The letter was signed by Massachusetts Democratic Rep. Richard Neal, Texas GOP Rep. Kevin Brady, Oregon Democratic Sen. Ron Wyden and Republican Sen. Mike Crapo of Idaho.
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