Rail wagons for oil, gas and liquefied gasoline shipment stand in sidings at Yanichkino railway station, with regards to the Gazprom Neft PJSC Moscow refinery in Moscow, Russia, on Monday, April 27, 2020.
Andrey Rudakov | Bloomberg | Getty Pictures
WASHINGTON — Congress on Thursday handed a invoice to prohibit imports of oil and gasoline from Russia, the newest measure within the U.S. government-wide effort to economically isolate and penalize the Kremlin for its unprovoked invasion of Ukraine.
The Senate handed the regulation in a 100-0 vote previous Thursday. The Space then licensed it in a 413-9 vote and despatched it to President Joe Biden’s table to signal into regulation.
The invoice prohibits the importation of oil, gasoline, coal and different power merchandise from Russia. It comes just about a month after Biden signed an government order that mandated necessarily the similar steps.
The invoice codifies Biden’s order into regulation, making it way more tough for a long run president to opposite it. The regulation handed after having been slowed down within the Senate for weeks.
CNBC Politics
Learn extra of CNBC’s politics protection:
The oil import ban handed instantly after the overpowering approval of a invoice to revoke Russia’s everlasting customary business family members with america, incessantly known as “maximum appreciated country” standing. The regulation would additionally sever the traditional business courting with Belarus, a key Russian best friend.
“This package deal is ready bringing each software of monetary force to endure on Vladimir Putin and his oligarch cronies,” stated Sen. Ron Wyden, D-Ore., in a remark at the measures.
“Putin’s Russia does now not need to be part of the commercial order that has existed for the reason that finish of International Battle II,” he stated.
That is breaking information. Please take a look at again for updates.
