U.S. House Plans Thursday Vote to Revoke Russia’s Trade Status
- Lawmakers ready plan to raise tariffs on Russian imports
- Deal would keep Congress’ role to reinstate trade with Russia
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Lawmakers 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.