Drone footage of kiev | Russia and Ukraine war
Russia Ukraine News LIVE Updates | US President Joe Biden on Friday will call for an end of normal trade relations with Russia over its invasion of Ukraine, clearing the way for increased tariffs on Russian imports, two people familiar with the situation told Reuters. The move marks the latest escalation of a push by the United States and its allies to pressure Russian President Vladimir Putin to end the largest war in Europe since World War Two.
President Joe Biden will announce Friday that, along with the European Union and the Group of Seven countries, the U.S. will move to revoke “most favored nation” trade status for Russia over its invasion of Ukraine. That's according to a source familiar with the matter who spoke on the condition of anonymity to preview the announcement. Biden's move comes as bipartisan pressure has been building in Washington to revoke what is formally known as “permanent normal trade relations” with Russia. The move would allow the U.S. and allies to impose tariffs on Russian imports.
The US Congress passed a huge omnibus 2022 spending bill Thursday including almost $14 billion in humanitarian and military aid to war-torn Ukraine, as its invasion by Russia entered its third week. Lawmakers had been facing the latest in a series of shutdown showdowns, with government funding due to expire at midnight Friday into Saturday, meaning thousands of workers would have been sent home without pay.
With the deadline fast approaching, senators in the legislative body's upper chamber followed their House of Representatives colleagues, who green-lit the $1.5 trillion package on Wednesday. "We're keeping our promise to support Ukraine as they fight for their lives against the evil Vladimir Putin," Chuck Schumer, the leader of the Senate Democrats, said in a statement. "With nearly $14 billion in emergency aid, Congress will approve more than double what the administration originally requested."
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