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U.S. House Plans Thursday Vote to Revoke Russia’s Trade Status
Posted
March 17, 2022
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0:46Now PlayingLawmakers are on the brink of an agreement for legislation to revoke normal trade relations with Russia, the latest move in a series of congressional efforts to hobble the Russian economy in response to the invasion of Ukraine.
Removing Russia’s “most-favored-nation” trade status would enable the U.S. to impose higher tariffs on Russian goods, and take other actions. House Majority Leader Steny Hoyer said the vote would take place on Thursday.
“I will bring legislation to the Floor tomorrow that will build on our work to hold Putin accountable for his unjustified war against Ukraine by suspending normal trade relations with Russia & Belarus,” Hoyer wrote on Twitter.
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