US President Joe Biden to sign bills to scrap Russia, Belarus trade status

The White House on Thursday announced that US President Joe Biden will sign legislation to revoke normal trade relations with Russia and Belarus, and to ban Russian oil imports to the United States

Joe Biden
US President Joe Biden
ANI US
2 min read Last Updated : Apr 08 2022 | 6:46 AM IST

The White House on Thursday announced that US President Joe Biden will sign legislation to revoke normal trade relations with Russia and Belarus, and to ban Russian oil imports to the United States.

"This is something the President supports, had called for, and certainly plans to sign it," White House Press Secretary Jen Psaki said during a press briefing.

The US Senate on Thursday passed legislation to suspend Permanent Normal Trade Relations (PNTR) status with Russia and Belarus amid the ongoing Ukraine-Russia war.

The Senate passed HR 7108, the Suspending Normal Trade Relations with Russia and Belarus Act, in a 100-0 vote. Suspending PNTR status allows the United States to increase tariffs on their imports above standard World Trade Organization levels.

During the presser, the White House Press Secretary also provided the details on the US military assistance to Ukraine. She said the US has provided USD 1.7 billion of weapons of security aid to Ukraine since the beginning of this conflict.

"As of now, we have provided 1.7 billion dollars of weapons of security assistance to Ukraine since the beginning of this conflict... We have not stopped, nor we are stopping providing additional military assistance to Ukraine," she said.

According to a Pentagon release, the security assistance the Biden Administration is providing to Ukraine is enabling critical success on the battlefield against the Russian invading force.

The US Defence Department says Washington is working around the clock to fulfill Ukraine's priority security assistance requests, delivering weapons from U.S. stocks when they are available, and facilitating the delivery of weapons by allies and partners when their systems better suit Ukraine's needs.

"The Administration is continuing to work with allies and partners to identify additional weapons systems to help the Ukrainian military defend its country," the release added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Joe BidenRussiaBelarus

First Published: Apr 08 2022 | 6:46 AM IST

Next Story