President Joe Biden has signed a measure into law to end normal trade relations with Russia and signed a separate measure to codify the United States’ ban on Russian oil imports, marking the latest major U.S. response to Russia’s invasion of Ukraine. The signing of H.R. 7108, the “Suspending Normal Trade Relations with Russia and Belarus Act,” suspends normal trade relations with the two countries and “seeks to further leverage trade and human rights sanctions,” according to the White House. The move means Biden can place higher tariffs on Russian imports, such as certain steel and aluminum products, putting further pressure on the Russian economy. Russia’s economy has already been heavily impacted by sanctions from multiple countries in response to its invasion of Ukraine. The United States alone has issued sanctions on multiple Russian individuals, including Russian President Vladimir Putin’s daughters, as well as major Russian banks and other state-owned …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta