The Senate on Thursday voted unanimously to both strip Russia of its "most favored nation" trade status and ban the import of Russian oil and gas, CNBC reports.
The separate votes both came in at 100-0.
The downgrade in Russia's "most favored nation" trade status will now allow the U.S. to impose damaging new tariffs punishing Moscow for its invasion of Ukraine, CNBC writes.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"Formally revoking normal trade relations with Russia is precisely the right thing for the Senate to do, because it will land another huge blow to Putin's economy," Senate Majority Leader Chuck Schumer (D-N.Y.) said Wednesday. "It's a key part of any strategy for holding Putin accountable for his savage attacks on innocent civilians."
Following the trade status vote, the Senate also passed a separate bill banning the import of Russian oil, gas, coal, and other energy products, CNBC adds. President Biden had already signed an executive order on the matter, but the Senate's bill codifies that previous order into law.
Both the oil and gas ban and trade status bills will now move to the House, where they are expected to soon receive a vote and succeed, CNBC reports. Though similar legislation had already passed the House last month, the Senate made significant changes to both bills, meaning the altered package must clear the lower chamber once again before heading to Biden's desk, The Hill notes.
-
Fannie Flagg’s 6 favorite books that sparked her imaginationFeature The author recommends works by Johanna Spyri, John Steinbeck, and more
-
Google: A monopoly past its prime?Feature Google’s antitrust case ends with a slap on the wrist as courts struggle to keep up with the tech industry’s rapid changes
-
Patrick Hemingway: The Hemingway son who tended to his father’s legacyFeature He was comfortable in the shadow of his famous father, Ernest Hemingway
-
Russian drone tests Romania as Trump spinsSpeed Read Trump is ‘resisting congressional plans to impose newer and tougher penalties on Russia’s energy sector’
-
Kim Jong Un’s triumph: the rise and rise of North Korea’s dictatorIn the Spotlight North Korean leader has strengthened ties with Russia and China, and recently revealed his ‘respected child’ to the world
-
‘Peak consumption has become the Holy Grail of the energy debate’Instant Opinion Opinion, comment and editorials of the day
-
House posts lewd Epstein note attributed to TrumpSpeed Read The estate of Jeffrey Epstein turned over the infamous 2003 birthday note from President Donald Trump
-
Supreme Court allows 'roving' race-tied ICE raidsSpeed Read The court paused a federal judge's order barring agents from detaining suspected undocumented immigrants in LA based on race
-
Burkina Faso's misinformation warUnder The Radar The president of the West African country has quickly become the face of a viral, AI-powered propaganda campaign
-
South Korea to fetch workers detained in Georgia raidSpeed Read More than 300 South Korean workers detained in an immigration raid at a Hyundai plant will be released
-
DC sues Trump to end Guard 'occupation'Speed Read D.C. Attorney General Brian Schwalb argues that the unsolicited military presence violates the law
