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Economy

House Working on Bill to Ban Russian Oil, Energy

Speaker Nancy Pelosi said in a Sunday letter that the House is exploring options to further 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 […]

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Speaker Nancy Pelosi said in a Sunday letter that the House is exploring options to further 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 House members. “We would also empower the Executive branch to raise tariffs on Russian imports.”

Pelosi noted that Biden requested $10 billion for “humanitarian, military and economic support for Ukraine,” as previously reported by Human Events News, and said “Congress intends to enact this emergency funding this week as part of [their] omnibus government funding legislation.”

As reported by The Hill, Pelosi’s letter comes after a bipartisan bill was introduced in the Senate earlier in the week to ban Russian oil imports. The legislation was led by Sens. Joe Manchin and Lisa Murkowski.

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