The House will vote on a measure to ban Russian energy imports into the U.S. and further punish trade actions hours after President JoeBiden announced executive actions to ban Russian energy imports following bipartisan congressional pressure.
In a letter to colleagues on Wednesday, House Speaker Nancy Pelosi said the legislation will “support” Biden’s actions announced in the morning and “cut off a major source of revenue for Putin” as he continues a bloody invasion of Ukraine. Energy exports account for around a third of Russia’s budget.
But leaders in Congress pushed for a ban on Russian energy as a way to retaliate against its shelling of Ukraine. Biden had asked Pelosi on Monday to stop from moving forward on the legislation until he could move first, Bloomberg reported.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House Democrats to vote to nix Russian oil imports even though Biden has already done soHouse Democrats will move forward with bipartisan legislation to ban Russian energy imports as soon as Tuesday, despite President Biden already announcing a nearly identical embargo.
Read more »
Biden seeks $2.6B to promote gender equity as White House marks International Women's DayPresident Joe Biden says he's asking Congress for $2.6 billion for foreign aid programs that promote gender equality around the world.
Read more »
White House says 'no decision' made on banning Russian oil importsPresident Joe Biden has not made a decision about banning Russian oil imports into the U.S., White House press secretary Jen Psaki said on Monday. 'No...
Read more »
White House: No decision made on banning Russian oilPresident Joe Biden has not made a decision on whether the U.S. will ban Russian oil imports.
Read more »
White House to ban US imports of Russian oilBREAKING: A U.S. embargo on Russian oil would mark a new step in the crippling slate of sanctions imposed by Washington on Russia's economy, targeting a sector that accounts for more than one-third of Moscow’s annual income.
Read more »