Russia Placed on Further Trade Restriction After Invasion

The U.S. has already taken steps to suspend normal trade with Russia shutting off importation of oil, liquefied natural gas, seafood, alcohol, and diamonds. The House voted 424-8 to further suspend normal trade with Russia and Belarus by placing higher tariffs on more products thus further weakening the Russian economy in response to Russia’s invasion on Ukraine.

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The House vote will make it more expensive to import steel, aluminum, and plywood items, among other goods.

The vote came one day after Ukrainian President Volodymyr Zelenskyy pleaded with Congress and U.S. allies to “do more to deter Russia.”

Earlier sanctions on imports of Russian oil, gas, and coal already cut off about 60% of U.S. imports from the country, but certain sectors of the economy could feel an effect.

Senate Majority Leader Chuck Schumer, D-N.Y., said, “To date, both parties, Democrat and Republican, remain united in sending Putin a clear message: His inhumane violence against the Ukrainian people will come at a crippling price.”

House Speaker Nancy Pelosi said Putin’s behavior is “outside the circle of civilized human behavior” and that “he must be held accountable.”

Source: BCNN1

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